Word: exportation
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...business there. Nonetheless, many U.S. companies have flourished in that environment, playing by the rules and somehow still coming out ahead. IBM Japan's 1985 sales might reach $2.7 billion, up about 20% from last year. Schick claims 70% of the safety-razor market. This year U.S. firms will export $25 billion worth of products to Japan. Proclaims Herbert Hayde, president of the American Chamber of Commerce in Tokyo: "American manufacturers are alive and well in Japan...
...Soviet Union can use new credit because its income from oil exports has dropped as a result of production problems and low petroleum prices. During the first six months of the year, Soviet export earnings in major currencies were only $14.5 billion, down about 23% from the same period in 1984. That is not enough to cover imports, which the Kremlin is reluctant to cut back because it is starting a new five-year economic plan...
...Zemin would replace the avuncular Wang Daohan as Shanghai's mayor, the choice seemed a bit odd. No one doubted that Jiang, 59, was a man of high accomplishment. A Soviet-trained electrical engineer fluent in four languages, Jiang distinguished himself in China's Administrative Commission of Import and Export Affairs for three years before becoming, and excelling as, the Minister of Electronics Industry. But Jiang, as he is the first to admit, had never run a municipality before, let alone his country's largest industrial city (pop. 12 million). "I'm inexperienced," he says with attractive modesty...
...government chose Jiang because it was deeply frustrated with Shanghai's sluggish response to Deng Xiaoping's economic dreams. Almost three years ago, at Deng's urging, the city was given extraordinary freedom to handle foreign trade and investment. No longer was prior approval from Peking necessary to launch export programs. The city could enter into joint ventures with foreign countries, raise international capital and invite bids for construction projects. If all went well, Shanghai, already responsible for one-sixth of China's foreign-exchange earnings and one-eighth of its industrial production, would emerge as a sort of hybrid...
...trade bill providing for a world monetary conference to bring currency exchange rates back into line, export-promotion measures, and new penalties against blatantly unfair practices by American trading partners, but no outright protectionism. If these and other proposals seem designed to rub against the grain of a largely contented electorate, that is no accident. Hart concedes that "there has to be a unifying theme" to his ideas, and he is currently pushing the slogan of a "true patriotism" that requires a "belief in deferred gratification, not materialism." Those are not exactly barn-burning appeals, as Hart acknowledges, but then...