Word: cheaping
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Dates: during 2000-2009
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...powers, especially Beijing. China has begun to give arms and planes to Zimbabwe; in return, the MDC charges, Zimbabwe is giving China land. The Chinese government is helping to build Mugabe a new mansion on the outskirts of Harare, the capital. And Chinese traders are flooding the country with cheap shoes and clothes - and immigrants to sell them, too. The crackdown on Zimbabwean sellers will remove competition in this sector, alleges MDC leader Morgan Tsvangirai. "The Chinese are not so interested in short-term material gain; they're after long-term influence and power in the region," says Isaac Maposa...
...plant, built on this island of 700 inhabitants. "Despite all the hype around the hydrogen economy, there appeared to be very little to show for it in practice," says Sandy Macaulay, project manager for PURE (Promoting Unst Renewable Energy) and Bonxies lead guitarist. Two 15-kW wind turbines provide cheap and clean electricity to the island's industrial estate. Surplus power goes through hydrogen production and storage equipment, and the zero-carbon gas is bottled for future use. PURE hopes to expand hydrogen's applications beyond powering and heating the small industrial estate and running Scotland's only road-licensed...
...FIND CHEAP TICKETS...
...course, it isn't just China's undervalued currency that makes its TVs and T shirts so irresistibly cheap to American shoppers. It's the low wages paid to the people who produce them. U.S. policymakers acknowledge that the wage differential won't be erased by a small rise in the yuan's value (say 5%), and they recognize that the Chinese are unlikely to go along with a more consequential one (say 25%). But the Administration feels some heat needs to be put on China to ward off protectionist measures in Congress. Indeed, Alan Greenspan pointed out last week...
...years, Beijing has fixed the value of the yuan at 8.28 to the dollar. But as the value of the dollar has fallen, complaints from U.S. manufacturers have grown louder that if the yuan were allowed to rise to its true value, Chinese imports wouldn't be so cheap, compared with U.S.- made products. "The situation right now with China's currency," Treasury Secretary John Snow told TIME, "is risky and unsustainable...