Word: gdp
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...riots in order to pave the way for a coup against him. In June, Russia rewarded Voronin with $500 million in infrastructure loans. That was followed last week by good news from China, who announced $1 billion in similar loans. To put that in context: Moldova's annual GDP is just $4 billion...
...1960s - concentrating heavily on building industries that could export to the wealthy West - has been exposed as dangerously flawed. Amid the global recession, electronics exports plunged 28% in the first half of 2009 compared to a year earlier, contributing to a 10.2% contraction of Taiwan's first-quarter GDP, the worst quarterly performance in the island's history. The government forecasts the economy will shrink by 4.25% in 2009. Even before the downturn, Taiwan's tech-dependent, export-dependent model was struggling. Between 2000 and 2007, Taiwan's GDP grew on average 4.1% a year, down sharply from the average...
Chinese officials say they are on course to achieve GDP growth of about 8% this year, and the fall's dire predictions of massive unemployment leading to social upheaval haven't been borne out. But last week's killing of a steel-company executive by striking workers in northeastern China highlights the ongoing threat of labor unrest even as the country shows signs of emerging from the economic downturn...
...from the Seoul metropolitan area, in which half the population of South Korea lives. Across it, North Korea has around 1.2 million troops—the fifth largest land force in the world, because the Kim regime prioritizes bullets over bread. South Korea presently spends 3 percent of its GDP on defense, and without American troops that number would certainly go up, at precipitous cost to the Korean economy...
...effective. Money in China has been especially easy to find. Aggregate new bank lending surged 201% in the first half of 2009 from the same period a year earlier, to nearly $1.1 trillion. Exuberance over a quick recovery - which was given a boost by China's surprisingly strong 7.9% GDP growth in the second quarter - has buoyed investor sentiment not just for stocks but also for real estate. According to government data, new home prices in 36 Chinese cities rose 6.3% in June from a year earlier. The property sector is showing signs of the frothy enthusiasm that is symptomatic...