Word: engineeering
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But anyone thinking China is going to be the engine that pulls the rest of the world out of the swamp should probably reconsider what Premier Wen Jiabao said during his visit to London in February: that for China to maintain its own economic growth "will be the biggest contribution...
Salmaan Taseer, the governor of Punjab who took control of the province last week, says a search operation is underway. "It was a similar type of attack to Mumbai," he tells TIME. "They were well armed and well trained. They had rocket launchers, grenades and Kalashnikovs. They were also well...
Ultimately Chinese carmakers, not foreign manufacturers like Hyundai, are expected to benefit most from Beijing's moves. "Domestic manufacturers mostly focus on the production of automobiles with smaller engine power, and they benefit the most from the tax reduction policy," says Yao Jie, deputy secretary general of China Association of...
Beijing is also trying to prop up the healthiest companies by encouraging car sales in China's rural provinces, where there are hundreds of millions who have yet to adopt the freer spending patterns of consumers in richer coastal cities. Beginning in March the government will offer $730 million in...
Whether or not the Americans' criticisms are fair, a certain resentment is understandable. While Betancourt became a cause celebre in much of the world during her captivity, especially in Europe, the three U.S. military contractors were, until their rescue, little more than a tragic footnote in the U.S.-backed war...