Word: expanders
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...China, with its surging trade surplus and huge holdings of dollar reserves, CNOOC's action is called the "go out" strategy: for the past two years, the Beijing government has been urging Chinese firms to expand their presence in overseas markets. Some have begun to respond. Late last year computer giant Lenovo bought the high-profile but money-losing personal-computer business from IBM for $1.75 billion. Prior to that, TCL, a consumer-electronics maker, bought the RCA TV business from French giant Thomson. And all the while, Chinese energy companies have been making deals with governments and private companies...
...industry's top dogs, McDonald's and Burger King, are also moving to expand their menus, though more cautiously. "Our menu is meat and potatoes. That's been the staple of the American diet for two centuries," says Ed Rensi, chief operations officer of McDonald's, which serves 6% of the American population every day. Yet McDonald's has given nonbeef eaters a break with its popular Chicken McNuggets, which have been widely imitated, and the company is testmarketing a prepackaged salad...
...gunpowder and the first functioning bureaucracy, would be freed to carve out a unique role for the nation. China would enter the modern world on its own terms rather than on any dictated by Western capitalists, Soviet Marxists or anyone else. And Man of the Year Deng Xiaoping would expand what he alone among world leaders already seems to possess: a secure place in the history books to be written in the next century. --By George J. Church. Reported by David Aikman/Washington, Richard Hornik/Peking and James O. Jackson/Moscow
...Instead of investing only in projects that were part of Peking's Five-Year Plan, the innovative agency roamed the country in search of profitable opportunities wherever they might be found. Noting a growing demand for beer, CITIC created a $30 million joint venture with Japan's Suntory to expand production. The initial results were so encouraging that output will be doubled during the next two years...
Following our return to Washington, there was unanimous agreement among the Chiefs, the President and me that we must initiate action to expand our offensive forces. The cheapest way to do that was to develop MIRVs. By placing more than one warhead on each missile, the U.S. could increase the number of warheads far more cheaply than by building more missiles. But we recognized this was a very dangerous step--if the Soviets followed our lead, as we must assume they would, it would lead to a dramatic increase in the offensive forces of each side. We therefore concluded that...