Word: affordable
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...Eckert is now paying the price for his candor. Mattel needs China just as much as China needs Mattel, and it cannot afford to jeopardize its relationship with the country that produces 65% of its toys. In a global public relations campaign, Chinese officials have emphasized that the country does have strong safety standards, and that problems at a few companies shouldn't be used to paint the whole country's products as unsafe. Even well-regarded Chinese companies with no link to toys or any hint of safety problems, such as brewer Tsingtao and appliance maker Haier, could suffer...
...year-old woman who has the attitude of a 30-year-old and in many cases the body of a 35-year-old," Katz says. She is also fluent in Chanel, conversational in Marni, and Thakoon curious. "And, obviously, you have to have a certain amount of affluence to afford the kinds of things we have to offer," says the Texas-born Katz, who began her career as a buyer at Foley's in Houston and whose second favorite store, she admits, is Target. "I've been a longtime aficionado. I was an early adopter. That's part...
...most populated cities in the world, with nearly 32 million people. And there are at least 100 cities in China with more than a million people." While Wong preaches caution when it comes to the numbers?only a tiny percentage of China's population can afford luxury goods?she says it is vital to recognize that many now know about brands. "Always give them the latest. What Hong Kong has, China has to have," she counsels. As for the future, Wong predicts that by 2012, consumer spending on luxury goods in China will surpass America...
...five or six. Toilets and showers are communal and sometimes hundreds of meters away. Heating comes from smoky coal fires, and deaths from asphyxiation are common. Xu Xiaotang, who has lived in the same central-Beijing alley for nearly a half- century, would move out tomorrow if he could afford to. "This is not a place for humans to live," Xu says...
...summer of 2000, public health experts and activists convened in Durban, South Africa for the 13th International AIDS Conference. Although South Africa was home to the world’s largest HIV positive population, most of the infected were far too poor to afford the anti-retroviral therapy that can transform HIV into a manageable chronic illness...