Word: china
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...However, there are signs that the Chinese government might have reservations about the deal, observers note. Among the sticking points, China's National Development and Reform Commission has said publicly the purchase of Hummer is inconsistent with China's effort to become greener. In addition Sichuan Tengzhong has no experience building vehicles for the retail market...
...Hall, managing director of 2953 Analytics in Birmingham, Mich., says, "Short term, Hummer has some serious problems but they are solvable." Hummer's future, though, is probably in overseas markets such as Brazil, China, Russia, South Africa and other emerging markets where conspicuous consumption isn't going out of style, he says...
Sixty years ago Mao Zedong stood before a sea of people atop Tiananmen Gate proclaiming, in his high-pitched Hunan dialect, the founding of the People's Republic of China and that the "Chinese people have stood up!" The moment was marked with pride and hope. The communists' victory had vanquished the Nationalist regime, withstood the vicious onslaught of the Japanese invasion and overturned the century of foreign encroachment on China's territory. Moreover, Mao and the Chinese Communist Party (CCP) came to power without significant external support - theirs was largely a homegrown revolution. (See pictures of the making...
...brought a vision for China that has resonated from the 19th century Qing dynasty reformers to this day: to regain China's fu qiang (wealth and power), dignity, international respect and territorial integrity. In this regard, Mao and the CCP positioned themselves squarely with a deep yearning among Chinese - thus earning their loyalty and the party's legitimacy. His successors have not wavered from this singular vision and mission. (Read "Where China Goes Next...
...Tragically, Mao's belief in restoring China's greatness and achieving modernity was inextricably intertwined with his ideological desire to transform China into a socialist and revolutionary society. Mao's social engineering continually convulsed China in unrelenting political campaigns. These movements disrupted productivity and caused horrific loss of life. Yet, despite the chaos, the People's Republic embarked on industrialization and stood up. By many measures, 60 years on, China has achieved significant progress toward becoming a major and global power. Mao may recognize it, but he would not be wholly happy with...