Word: developmental
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China's Foreign Ministry rejected the criticism. "We attach great importance to the stable development of economic and trade relations, but we are firmly opposed to anyone stirring up the case and interfering with China's independent judicial authorities," said spokesman Qin Gang, according to the Associated Press. "This is...
The government could have painlessly enabled this development of the free market through selling state-owned businesses, loosening regulations on foreign direct investment, and creating a plan to reduce the deficit. India achieved 6.7 percent growth this past fiscal year only on the back of intensive government spending by the...
You mention the relative successes of Shai Agassi, of A Better Place, and Tom Casten, of Recycled Energy Development. What's been holding back other people with big ideas about energy efficiency? Breaking through in a big way with an idea revolving around alternative energy or efficiency is hard because...
This imbalance has forced small-business owners to avail themselves of unusual lending schemes. In many regions, companies are forced to go around the traditional banking system altogether by borrowing from other businesspeople or even loan sharks. This sort of informal banking, which has a long history in China, has...
The result is a program that acts as a kind of matchmaking service between members and banks. The service began last year in Zhejiang, a coastal, trade-focused province south of Shanghai, where 600 businesses used Alibaba to acquire loans worth more than $146 million through China Construction Bank and...