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...Africans living in appalling poverty; Beijing is looking at the other half who might soon buy Chinese-made T-shirts, shoes and bicycles. China's Ministry of Commerce, through banks and export agencies, is offering cheap loans and tax and export credits to Chinese state-owned companies seeking to build a base in Africa. Incentives are given to Chinese manufacturing and retail businesses in addition to exploration and construction companies. In return for so-called "no-strings-attached" aid and cheap loans to African countries, Beijing expects privileged access to oil and resources, political support in institutions like...
...President will also have to redouble efforts to build, build, build. In 2005 and '06, SBY presided over glitzy infrastructure summits in which more than 100 projects were trumpeted. Yet little movement has occurred on any of these initiatives, which included badly needed transportation fixes. "I have to admit we faced many weaknesses at the time when we convened the infrastructure summits, including the readiness of the provinces," says SBY. "But this time around we are much better prepared." A concerted construction campaign will be needed if Indonesia is to reach SBY's ambitious 7%-plus growth targets. Southeast Asia...
...that you allocate money and the kind of organization that you build is very important,” said Hanzich. “Pagliuca is definitely helped by the amount of money that he has in the campaign...
...China. As China tries to move beyond cheap manufacturing, its companies will begin to suffer more from poor protection of intellectual property. Piracy "is still a horrendous problem here and it's alarming for the business community," he says. "It's a win-win, because China wants to build an innovation society...
...rising medical bills and prepare for retirement. Aware of the problem, the Chinese government has been taking steps to beef up 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...