Word: basically
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...trickle. Hong Kong then became a formidable manufacturing hub in its own right?until the colony's growing wealth (its per-capita income is second only to Japan's in Asia) began to impede growth. By the 1970s, costs were rising so quickly that Hong Kong became uncompetitive in basic manufacturing compared with newly emerging economies elsewhere in Asia. Geography saved the day. In 1979, Deng Xiaoping began opening China to foreign investment, and Hong Kong manufacturers decamped to the mainland to take advantage of the country's vast supply of cheap workers. The trading firms stayed behind. In fact...
...trading firms quickly devised a new, cross-border manufacturing system. With poor technology and training, Chinese workers could complete basic product assembly, but not the more complicated parts of a manufacturing process. So traders like the Fungs kept functions such as quality control and packaging in Hong Kong while outsourcing the assembly to factories in China. The next step came as the spread of communications technologies, improved transportation networks and freer international trade enabled trading companies to begin sourcing supplies and products from Korea, Indonesia, India?wherever they could get the best price and quality. Victor Fung, Li & Fung...
Kagan said that the views expressed in the deans’ letter are shared by the “vast majority” of the legal profession, and that Stimson’s comments demonstrate an “uninformed understanding” of the basic precepts of American...
...Here's the basic story... Born in Gujurat, the son of a school teacher, Desai goes abroad as a teenager (heading for Istanbul, not Aden, where Dhirubhai landed) to learn business. He returns a decade later to start a textile company, in partnership with a more cautious cousin who later leaves in a dispute over our hero's risky ways. He switches from cotton to polyester and makes his fortune, creating India's biggest company, in part by encouraging the rising middle class to invest in it (tens of thousands flock to his shareholder meetings). He suffers a stroke that...
...Zhao; all he knew was that the opera was something about a princess. As Zhang told Asia Source in 2004, Zhao "was excited and said that it might be Turandot, a very famous opera and the story was set in China. He talked a lot about Puccini and other basic knowledge of opera.... He found a videotape of Turandot for me. It was a version released by the New York Metropolitan Opera...but I still didn't understand what was being sung. The next day Zhao Jiping gave me a rough summary of the story, and suggested that I really...