Word: boostings
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...Taliban] cannot win, and to provide a way back into their communities for those who are prepared to live peacefully," said Britain's Foreign Secretary, David Miliband, in an address to the NATO assembly the same day British defense chiefs launched the new doctrine. Even as Britain prepares to boost its military presence, its political and defense establishment are acknowledging the limits of hard power...
...plus the underground music scene, plus 170 museums and a host of renovated monuments have all helped fuel a surge in tourism. The fact that discount airlines like easyJet have made Schönefeld Airport, in the former communist East, their German hub has also given the city a boost. The number of visitors from abroad is up 2.5 times since 2003. Just as dramatic is the influx of foreigners moving to Berlin to live - they now make up almost 1 in 7 of its 3.5 million inhabitants. The number of non-German Europeans living in Berlin has more than...
...welfare programs to alleviate the financial burden faced by Chinese families and loosen their purse strings. Beijing, for example, is undertaking a three-year, $125 billion program to build hospitals and clinics to extend healthcare to 90% of the population. Along with these very long-term efforts to boost consumer confidence, the government has also implemented short-term measures to spur on spending. Car sales this year have been boosted by tax breaks and China's own "cash-for-clunkers" program. Xu Zhanrong's Wuling minivan sales have been helped along by a special 10% rebate offered on certain vehicles...
...consumer spending. The problem is that income growth among rural dwellers and migrant workers badly trails that of residents of the major urban centers creating a mass of 900 million people who still tend to be very heavy savers. Huang suggests that China needs to act aggressively to boost rural incomes, by, for example, extending banking systems deeper into the countryside to give farmers better access to credit to start small businesses. MasterCard's Hedrick-Wong argues that China should also open up service industries now dominated by large, state-owned companies, such as finance, to allow new entrepreneurs...
...China could have a big impact as well on the world economy. Cornell's Prasad figures that if China can increase growth of private consumption to 20% a year (much higher than the trend of nominal GDP growth of about 15%), global GDP growth would get a meaningful 0.25% boost. (See TIME's China covers...