Word: china
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
Xiong Weiping, the chief executive officer of China's largest aluminum company, Chinalco, spent the better part of the last four months doing something no other CEO of a state-owned Chinese company had ever done. He campaigned - in an open, very western way - to gain approval in Australia for what would have been China's largest foreign investment ever: a proposed $19.5 billion stake in Rio Tinto, the world's second largest mining company. The deal would have given Chinalco roughly an 18% stake in Rio, as well as outright control of some valuable copper and iron ore mines...
...bravura performance. It was also unprecedented. Outsiders should understand: big, state-owned companies in China (and most everywhere else) tend to be stodgy, intensely conservative organizations. Often, top executives will practically read from a script prepared for them by minions when meeting foreigners. Not Xiong. (See pictures of Chinese investment in Africa...
...doubled this year, to around 250. "We've heard from students, time and time again, that they're feeling it's no longer just about money," says Dan Giove, founder and president of DubSpot. "People are longing for happiness through being creative." (Watch TIME's video "Hip-Hop in China: Busting Rhymes in Mandarin...
...factors such as carrier availability in key locations. Indeed the current boost is best explained by Chinese steel production demand and a shortage of the Capesize vessels to haul the iron ore. Penn notes that it is not yet clear whether the core manufacturing that is turning again in China is linked to coming export demand or domestic infrastructure investment. "There are always quirks in the pricing," he notes. "And at the moment it seems a very China-centric market." (Read "Plunge in Trade Is a Boon for Singapore Ship Suppliers...
...course, there is a situation in Somalia that has attracted global military intervention, even without the U.N.: piracy. Australia, Bahrain, Britain, Canada, China, Denmark, France, Germany, India, Iran, Italy, Japan, Jordan, the Netherlands, Pakistan, Portugal, Russia, the Seychelles, Spain, Singapore, South Korea, Spain, Sweden, Turkey, the U.S. and Yemen have all contributed to the effort to safeguard international sea trade. Currently that involves 25 warships, scores of surveillance planes and tens of thousands of sailors. (See pictures of Somali piracy...