Word: china
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...clear, China's phenomenal economic performance is still in many places just a statistic. It's over 1 billion people still lag significantly behind their Western counterparts in the prosperity stakes. The Chinese workforce is diligent and frugal, which contributes to this economic development. The question is, For how long can 10% growth be sustainable? Andrew Bond, Chiang Mai, Thailand...
...Given its population size, the day China's per capita GDP is on par with that of the U.S. will be the day that this world collapses, due to depleted natural resources and accelerated global warming. These nations must take active steps toward reducing the effects of their commendable growth within the next 20 years or so. What's the point in getting rich if there is no world left to sustain your life, let alone enjoying your new gains? Yes, China can indeed help save the world: by not walking the same mistaken path that the supposed First World...
...apologized for the sluggish response, expressing his regret in a deep, seven-second bow to the nation and pledging to overhaul national rescue operations. In his over one year in office, Ma has reached many milestones in relations with China, such as establishing direct transportation and closer economic ties, all of which are helping Taiwan weather the financial storm. But his approval ratings have dropped dramatically after Morakot. "President Ma faces a very serious crisis," says Chiu Hei-yuan, a sociologist at National Taiwan University. "He'll still have a chance if he does very well with the reconstruction." That...
...display that contains the heart of the Coda: a gray box of power cells that makes up the car's lithium-ion battery. Lishen manufactures the $12,000 battery as part of its pioneering joint-venture deal to build and sell an electric car in the U.S. and, eventually, China. The idea is simple - Lishen, one of the biggest battery manufacturers in the world, provides hardware manufacturing at a reduced cost, while its American partner provides the sales smarts and high-tech expertise. "It's a product of Sino-U.S. cooperation," says Liang. "[Coda] did market research and provided...
...Shenzhen-based BYD are looking to leverage their technology and leap into electric cars. Foreign automakers may have a century-long head start on conventional cars, but Chinese companies can compete on new electric technology today - on cost and on performance. "When it comes to electric and hybrid cars, China is challenging the automotive industries in the Western industrial countries," writes Wolfgang Bernhart, a consultant with Roland Berger who estimates that electrics and plug-ins could account for more than half the auto market in China by 2020. "The race for electric mobility is just getting under...