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...last year. They will be $88 billion this year. Says one senior FORTUNE 500 executive: "In the U.S., NIMBY [not in my backyard] is still the order of the day, whereas in China it's more like IMBY. They build where they want, when they want. And they move fast." (Read "A New Deal for China...
...price their exports in renminbi. One economist, Qu Hongbin of HSBC in Hong Kong, goes so far as to say that 40% to 50% of China's overall trade flows could be settled in renminbi by 2012 (though few other economists believe this will happen anywhere near that fast). This willingness to make its positions known publicly and push other governments to see things China's way "is very different from 10 years ago, when Beijing was much quieter and more low-profile," says Jun Ma, an economist at Deutsche Bank in Hong Kong. (See China covers...
...Fast still, the best possible answer to the question of whether China can save the world is: Not yet. Plenty of economists doubt that China's economy is as sound as it appears or truly on the road to a sustained recovery. And many more dismiss the chatter about China as the world's economic savior as hopelessly premature...
This territory could get mawkish fast but for the muscular energy of Keegan's prose. It works in bursts--short, punchy clauses and chapters--and Pip's voice is wryly comic, even when events turn tragic. When things go well, she's gloriously, darkly intuitive. (Here she is on the Olympic podium: "The national anthem starts to wail, creating a dreaded musical pressure in my chest as the flag slowly rises in a celebrating-the-dead kind of way. Something churns and my mind says: Wow! This is exactly like a giant funeral!") And for a world-class swimmer...
...still a fine art to the haggle. To learn it, we asked Teri Gault, who runs the popular savings website TheGroceryGame.com to show us her style. Gault turned a cost-cutting hobby into a career and says she gets a runner's high before haggling. She starts talking fast. She's pumped up. She's a bit strange. (See pictures of a grocery auction...