Word: china
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Dates: during 2000-2009
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...killed the ads. "Mr. Six went on sabbatical," says Angie Vieira Barocas, senior VP of marketing and entertainment at Six Flags. "People associated him with Six Flags, but he wasn't necessarily converting people's intention to visit our parks into actual visitation." (See pictures of theme parks in China...
...West is not the world, and elsewhere smoking is exploding. In China, 350 million adults are hooked on tobacco, which means the country has more smokers than the U.S. has people. Smoking rates in Indonesia have quintupled since 1970. In Russia, boys as young as 10 start lighting up. This year, tobacco companies will produce more than 5 trillion cigarettes - or 830 for every person on the planet...
...Ghana, the male smoking rate (which in most places in the world is higher than the female rate) is only 8%; in the Democratic Republic of Congo, it's 14%; in Nigeria, it's 12%. Compare that with 31% in India, 56% in Malaysia and a whopping 61% in China. But the tobacco industry abhors a vacuum, and in recent years, industry players - principally London-based British American Tobacco, Switzerland-based Philip Morris International and the U.K.'s Imperial Tobacco - have been working hard to fill it. "We've done this before," says Allan Brandt, a professor of the history...
...Much of the concern is focused on China, where government stimulus efforts have been large and effective. Money in China has been especially easy to find. Aggregate new bank lending surged 201% in the first half of 2009 from the same period a year earlier, to nearly $1.1 trillion. Exuberance over a quick recovery - which was given a boost by China's surprisingly strong 7.9% GDP growth in the second quarter - has buoyed investor sentiment not just for stocks but also for real estate. According to government data, new home prices in 36 Chinese cities rose 6.3% in June from...
...Exuberance can be contagious. Shares of China State Construction Engineering, the country's largest home developer, jumped 56% on July 29, the day of their debut on the Shanghai stock exchange. In Singapore, property prices are rising despite the city-state's sharp recession. The resale index for Housing and Development Board apartments, a key indicator of local property-market conditions, rose an annualized 5% in the second quarter to an all-time high. In Hong Kong, a city famous for its property booms and busts, prices have rebounded from last year's slump and are on course to retake...