Word: exports
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Dates: during 2010-2019
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...China can hardly be blamed for favoring its own. Although it has managed to pull through the global crisis of the past two years better than virtually anyone expected (including, truth be told, Beijing's own leadership), its top export markets are still weak, and that is fostering a powerful drive toward boosting domestic consumption. The country also feels threatened by calls - most prominently made by U.S. President Barack Obama - for the renminbi to better reflect market fundamentals. In the past, U.S. Treasury Secretary Timothy Geithner has outright accused China of manipulating the renminbi and most (though not all) economists...
...year of unprecedented economic complexity. He certainly got that right. A real estate downturn, perhaps a severe one, will hit China sooner or later. The problem is that if it arrives sooner, the world's fastest-growing economy doesn't have a whole lot to fall back on. Its export markets are still weak and its capacity to increase infrastructure spending again, after the massive increases of the past two years, is limited. With the rest of the world still trying to regain its economic footing, the authorities in Beijing are hoping they can shrink a bubble without bursting...
...fantasy player. "It definitely has that wow factor." The site is fairly intuitive, even for a rookie, and the news ticker that scrolls across the top is candy for baseball junkies. Hard-core stat heads, however, might be disappointed that the product does not allow you to export data into, say, an Excel spreadsheet for further saucing. You can't even cut and paste. "We are currently looking into how best to implement an export feature," says Bloomberg spokeswoman Silvia Alvarez...
...When Zhou Shaoxiong decided to produce a domestic line of menswear in 1990, Western designs were in universal demand. Zhou was well versed in foreign style - at his Fujian factory, he had been producing export garments for five years, and the early designs of his own line, Septwolves, were almost identical. At the time, Chinese manufacturers seeking a reputation for quality and modernity still felt obliged to ape Western brands, as they had been doing for decades. "Like many other domestic companies, we started out aspiring for such influence," Zhou recalls...
...debt-provoked currency plunge won't be a miracle cure for the economic ills of all euro-zone exporters. Lafaure, for example, notes that while his euro costs in research and development greatly affect sales price, his company is partly protected by having production sites in dollar-zone countries in Asia - providing a pricing hedge when the euro is too high. Multinationals with affiliates in the dollar zone have benefited from the weaker dollar over the past few years. German electronics giant Siemens, for example, generated nearly 45% of its revenue in 2009 in the dollar region. "The bigger...