Word: china
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Dates: during 2000-2009
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...stakes are high on both sides. Given the importance that Beijing places on China's economic development, commodity-price data could be considered vital and sensitive information, says Joshua Rosenzweig, Hong Kong--based manager for the Dui Hua Foundation, a human-rights group. "The success of China's economy is tied up with the legitimacy of the government in a very big way," he notes. Foreign mining companies--very much including Australian ones--have profited greatly by feeding China's ravenous appetite for raw materials. But recently, wild fluctuations in commodity prices and friction over trade deals have increased tension...
...case against Hu and his colleagues remains serious, although Australia's Foreign Minister noted on July 20 that the four could conceivably be spared the espionage charges and tried for lesser criminal misconduct--which would go a long way toward smoothing the waters. Healing the wider mistrust between China and its trading partners will be harder...
...most important nation on earth. But during the 30 years between the beginning of World War I and the end of World War II, the United States emerged as the unequivocal world leader, and Britain became an admirable also-ran. Applying that template to the 21st century, China would be the new us - feverish with individual and national drive, manufacturer to the world, growing like crazy, bigger and much more populous than the reigning superpower. And thus 21st century America would evolve, according to this analogy, like Britain in the 20th century...
...false alarm. Rumors had swept the trading floor that China was going to tighten money supply. That night, the central bank reaffirmed its loose monetary policy that is meant to support economic growth and pledged to refrain from imposing loan quotas to control bank lending. The next day, the Chinese banks that were said to be cutting back on credit denied they would do so. On July 31, the Shanghai index rebounded 2.7%, the biggest rise in two months; China stocks in July rose 15%, the largest monthly gain since 2007. (See pictures of China's infrastructure boom...
...right with the markets again. But last week's Shanghai surprise is a foretaste of what can happen if China's vaunted economic recovery turns out to be a dud. The country's better-than-expected GDP performance is one reason for the current view that the global economy is poised to resume growth, an optimistic reading that in turn is helping fuel investment rallies around the world. But stock markets anticipate the state of the economy and corporate earnings months in advance, so today's euphoria can turn into ashes if the reality falls short of expectations...