Word: china
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...former food columnist for the Chinese-language newspaper Ming Pao. "People know they're from the States. People expect an authentic American flavor," he says. While U.S. brands are well-trusted in a city with widespread concerns about hygiene and food safety, Shaun Rein, managing director of the China Market Research Group, isn't convinced this will translate into a successful restaurant business. "7-Eleven is going to have a hard time," Rein says...
...last year's Olympics were China's flashy coming-out party, the massive military parade commemorating 60 years of communist rule on Oct. 1 marks a more serious side to the rise of the People's Republic. Some 5,000 military personnel and 108 missile trucks - including several carrying ICBMs capable of hitting Washington - proceeded with pomp down Beijing's central avenues as more than 150 fighter aircraft soared overhead. And to make sure the heavens don't rain on their parade, the Chinese will scramble a fleet of fog-dispersing aircraft to intercept storm clouds. The event "will embody...
...high and security has been tight in the run-up to Oct. 1. The government places great stock in the value of this sort of national spectacle, and the public has been barred access to streets where the parade takes place. While the events are meant to herald China's arrival as a modern superpower, the era when the Qing Emperor would sit perched atop his throne at the gates of the Forbidden City, surveying his massed army before him, still doesn't seem that far away...
...years. In the first six months of 2009, the carmaker's U.S. sales fell 33% and European revenues shrank 39%. While Western economies look set to remain in the doldrums for the foreseeable future, most Asian countries are registering surprising growth and auto sales are bouncing back. India and China are particularly bright spots; the latter has surpassed the U.S. to become the world's largest car market. Sadly for Ford, Asia accounts for a mere 5% of the company's total global revenues. In China, it's ranked only the fifth largest in sales (GM, now owned...
...Administration may have little option but to play the diplomatic game, because its "or else" options are so limited. Russia and China remain deeply skeptical of the case for sanctions and are unlikely to approve measures with significant bite. What's more, Israeli and American hawks have long argued that no sanctions will prompt a regime that has invested so much in developing a nuclear program to simply reverse course; rather, they see the choices as boiling down to one between military strikes and accepting a nuclear-armed Iran. But military strikes are opposed by the Pentagon for two reasons...