Word: asia
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Dates: during 1990-1999
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...cooperation between our two peoples are of great importance to the world. The United States is the most developed country, and China the largest developing country. China is a country with 1.2 billion people. Its stability and rapid development in of vital importance to the stability and development in Asia-Pacific and the world at large. China holds a huge market and great demand for development, and the United States holds advanced science and technology, as well as enormous material force. The economies of the two countries are therefore highly complementary with each other. China's potential market, once combined...
Southeast Asia's troubles may seem safely distant to armchair investors half a world away. After all, economies and markets there historically have had low correlation with those in the U.S., meaning that if theirs tumbles, ours doesn't necessarily follow. Take Japan. Its stock market has been in decline most of the past eight years, a period in which U.S. stocks have risen 240%. Since August, the U.S. market has seemed equally impervious to the pain of 20% to 40% market plunges in Thailand, Indonesia, Malaysia, the Philippines and finally Hong Kong...
...last week something gave. Led by Hong Kong, stocks in Asia careened lower, and the U.S. market decided to join the act. The Dow Jones industrial average skidded 319 points Thursday and Friday. Without warning, U.S. investors collectively asserted that problems in Asia are tolerable up to a point--but maybe that point has been reached. If so, any further carnage in Asia's tigers, or a spillover to Japan and China, could lay waste our roaring bull market...
...cutting costs to the bone to keep prices down. Executives have scanned the world in search of low-cost production and added sales, and the result is an intricately connected business world. You can bet that every big American company is doing a chunk of business in the hot Asia market...
...spokesperson for Congressional Representative Doug Bereuter, chair of the Subcommittee on Asia and the Pacific, says China is not eligible to join the WTO--at least...