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| | BusinessAndMoney: Business News: 'Hungry Ghost' Deals Asia A Double Blow |
 | | It's the time of the year many Chinese businesses dread - the hungry ghost festival, when families avoid moving house, couples postpone their wedding plans, and tourists shy away from beach resorts. |
 | | The festival is widely observed by Chinese in Hong Kong, Taiwan, Singapore, and Malaysia, home to many Taoists and Buddhists, who believe that the living are supposed to please the ghosts by offering them food and burning paper effigies of homes, maids, and other daily items for spirits to use in the afterlife. |
 | | "When we were young, our parents used to tell us not to go to the beach during the "hungry ghosts" festival because they were afraid that we might be captured by ghosts in the water," said Kate Peng, 32, who owns a drinks stall in Taipei. |
| xtramsn.co.nz /businessandmoney/0,,13273-6129941,00.html (669 words) |
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