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Word: boom (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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Usage:

...riding on whether Beijing's technocrats can manage a soft landing. China's investment boom is being driven in part by rampant borrowing, which the central government has tried to curtail by requiring banks to put more of their funds on reserve, thus taking money for loans out of circulation. The strategy seems to be having little impact, partly because China's banks have close ties to local governments, which often have stakes in local companies and property developments-a strong incentive to ignore Beijing and keep lending. "Irrational investments in redundant low-level construction projects ... have not been controlled...

Author: /time Magazine | Title: Bubble, Bubble, Toil and Trouble | 4/19/2004 | See Source »

...China's surging growth has been a welcome tonic in the past 12 months, helping to snap the global economy out of its postwar, post-SARS funk. But, as Wang notes, the country's boom has been a mixed blessing for mainland companies-and it may turn out to be mixed for the rest of the world, too. Concerns that China's economy is rising too fast are intensifying, and efforts by Beijing to let some of the air out of the balloon before it bursts have so far proved ineffective. The latest statistics, released last week, added...

Author: /time Magazine | Title: Bubble, Bubble, Toil and Trouble | 4/19/2004 | See Source »

...China has suffered previous boom-and-bust cycles in its transition from communism to capitalism. In 1994, GDP growth exceeded 11% and inflation soared to 24%. To restore economic stability, the then Vice Premier and central bank governor Zhu Rongji choked off bank loans to cool runaway borrowing and spending. The subsequent slowdown threw millions of mainlanders out of work, but because China was relatively isolated from the global economy, few other countries shared the pain. Today, a sharp contraction in China would have much wider impact. The mainland is one of the world's largest manufacturing bases...

Author: /time Magazine | Title: Bubble, Bubble, Toil and Trouble | 4/19/2004 | See Source »

...anything save Congress? Rahul Gandhi, a dashing figure who only entered politics in January, hints at plans for an ambitious party makeover, the way Tony Blair reformed Labour in Britain. But for now Congress is mainly counting on the dissatisfaction of those left behind by India's economic boom?a huge demographic in a country with an estimated 370 million people living on $1 or less a day?and the sentimental adoration of the masses. While Sonia Gandhi and her children are being mobbed in Uttar Pradesh, Prime Minister Vajpayee and his deputy Lal Krishna Advani are holding a rally...

Author: /time Magazine | Title: Family Burden | 4/19/2004 | See Source »

...current business boom is in Iraq. Blackwater charges its clients $1,500 to $2,000 a day for each hired gun. Most security contractors, like Blackwater's teams, live a comfortable if exhausting existence in Baghdad, staying at the Sheraton or Palestine hotels, which are not plush but at least have running water. Locals often mistake the guards for special forces or CIA personnel, which makes active-duty military troops a bit edgy. "Those Blackwater guys," says an intelligence officer in Iraq, "they drive around wearing Oakley sunglasses and pointing their guns out of car windows. They have pointed their...

Author: /time Magazine | Title: When Private Armies Take To The Front Lines | 4/12/2004 | See Source »

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