Word: china
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Dates: during 2000-2009
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...Tiananmen that April, Hong Kong was galvanized. Local stars held fund-raising concerts and closed them with the song "We Love Freedom." News appeared incessantly across all media. Huge marches and rallies were held. "Eastern Europe is changing," I overheard someone telling my mother at the time. "When will China...
...Over a million people, about one-sixth of the colony's population, took to the streets hours after the crackdown. They shouted "Down with Li Peng," naming China's then Premier as responsible for the killings. Entire buildings were draped in black flags. Office workers were given lists of random fax numbers in China and asked to transmit newspaper clippings of events, news of Tiananmen having been suppressed in China itself. Slow-driving protest convoys of motor vehicles took to the streets at night. Wild rumors flew around - one held that Communist Party General Secretary Zhao Ziyang, a student sympathizer...
...With history books replete with tales of V-shaped recoveries following steep downturns, financial markets have become giddy, hoping that signs of bottoming beget the long-awaited rebound. Nowhere is that more evident than in Asia, an increasingly China-centric region convinced it will lead the world out of its long nightmare...
...Therein lies a critical challenge for Asia. Unless it comes up with a new source of demand to support its export-led growth model, Asia will face stiff and enduring headwinds. Nowhere is this more evident than in China, where the mood has turned particularly upbeat. While I no longer doubt that China's performance will be better than expected in 2009, there is good reason to be wary of extrapolation. China's incipient rebound relies on a timeworn stimulus formula: upping the ante on infrastructure spending to support growth in anticipation of a return of global demand for Chinese...
...export-led China doesn't get a kick from the American consumer, a relapse for China-dependent Asia is a distinct possibility next year. Don't be fooled by catchphrases such as "green shoots" and the "Asia century." In the aftermath of the modern world's worst financial crisis and recession, an Asian-led global healing remains a real stretch...