Word: globalizing
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...book, Asterix and Obelix's Birthday: The Golden Book, is the 34th in a series that was originally created as a way to keep American comic strips such as Superman and Archie from taking over France. These days, though, it's Asterix who is the all-conquering, global-marketing hero: more than 325 million Asterix books have sold in 107 different languages around the world, proving the universal and lasting appeal of the plucky French character and his lumbering best friend...
...much as some of its citizens may continue to romanticize France's place in the world, the Asterix syndrome no longer really applies to France, if it ever did. The world's fifth biggest economy is as globalized as any other country. French businesses such as oil giant Total, retailer Carrefour and carmaker Renault are fixtures in the FORTUNE Global 500. President Nicolas Sarkozy (nicknamed l'Américain) openly admires American entrepreneurialism. Last year, his government announced plans to make youngsters bilingual in French and English by the time they finish school. Frenchmen head two bastions of globalization...
...late paramount leader Deng Xiaoping once admonished his countrymen to "disguise their ambitions and hide their claws." It was useful advice for a country trying to pull itself out of decades of war and chaos. But now China's booming economy and resilience in the face of the global slowdown have left it in a prime position. It holds nearly $800 billion in U.S. Treasuries, making it Washington's biggest creditor. But Beijing is still not confident in acting on the world stage for any interest besides its own. A recent survey of Chinese élites by Pacific Forum CSIS...
...billion copper-mine investment is the country's largest single investment, but the stability of the war-torn region didn't merit a mention in Hu's 20-minute address. Neither did appreciation of China's currency, the renminbi, which Obama called "an essential contribution to the global rebalancing effort." Hu did, however, say that China and the U.S. "need to oppose and reject protectionism in all its manifestations in an even stronger stand," reinforcing China's view that recent U.S. tariffs pose a greater threat to the global economy than an undervalued renminbi, which has helped China prop...
...President has stated it publicly. Territorial questions like Tibet remain top priorities for China, and Obama's mention of that issue was a key win for Beijing. It's a sign that while China doesn't know how it wants to use its newfound clout on the global stage, it is learning how to get what it wants from...