Word: exporting
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...possible fallout from its stimulus program. China also faces a tough choice on its currency regime. The government is under increased pressure from the U.S. and European Union to allow the yuan to appreciate, though policymakers remain nervous about the negative effect that could have on its struggling export sector. China "is like watching a duck swim," says Giles Chance, author of the recently published book China and the Credit Crisis. "On the surface it seems fine, but underneath it's quite chaotic." (Read "How Wall Street's Bust Threatens Dubai's Boom...
...Foreign investment is migrating to Xi'an for similar reasons. Unlike on the coast, where Hong Kong and Taiwan companies have set up countless export factories, the investments in Xi'an tend to be more domestically focused. In October, Applied Materials, a California-based maker of manufacturing equipment for the semiconductor industry, opened a solar-power research center in Xi'an, part of a $250 million investment in the city. The facility, unique to Applied Materials' global operations, will house solar-cell production lines to devise new ways of bringing down the costs of manufacturing panels. Though the results...
...book that the road will generate close to $2 billion for local communities in the coming two decades. The government forecasts that the highway could add a full percentage point to GDP. Brazil will be the big beneficiary at the start, sending minerals, meat and soybeans through Peru for export to China, instead of using the Panama Canal. But local authorities expect the Peruvian entreprenerus to slowly catch up with exports headed across the Atlantic...
...Obama spent much of his time in Asia warning Iran that his patience for nuclear diplomacy is wearing thin. "Iran has taken weeks now and has not shown its willingness to say yes to this proposal," Obama said Thursday in Seoul, referring to a deal under which Iran would export the bulk of its stock of enriched uranium to Russia for conversion into reactor fuel. "And so, as a consequence we have begun discussions with our international partners about the importance of having consequences...
...that his advocacy of the average American omits not only new arrivals but also often American citizens of cultural backgrounds different from his own. Just this past March, Dobbs claimed that the U.S. Hispanic Chamber of Commerce was “effectively an organization that is interested in the export of American capital and production to Mexico, and Mexico’s export of drugs and illegal aliens to the United States.” For a journalist who consistently stresses we focus on the real issues (like the state of public education), Dobbs often pandered to conspiracy theories. He?...