Word: growth
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...whole world wants to see a strong Europe. It can provide an alternative pole of growth, a model for abolishing wars between neighbors, cultural education and a moral voice for supporting initiatives like the Kyoto Protocol and the International Criminal Court. There are no shortages of opportunities for Europe to provide leader-ship. But, as Copenhagen demonstrated, it may no longer even be in the room when crucial decisions are being made...
Call it the Ka-Ching dynasty. After decades of relying on exports and investment, China's leadership is targeting domestic consumption as the most enduring driver of economic growth. Not only are there more Chinese with money to spend, the still fragile state of the global economy makes self-reliance an imperative. "As we stand at a new historical juncture, we must change the old way of inefficient growth and transform the current development model," Vice Premier Li Keqiang, the likely successor to Premier Wen Jiabao, declared at Davos in January...
...digit percentages every year, the immediate future looks good. For the most part, the companies poised to enjoy the splurge will not be multinational but Chinese. They know their home market, and how to overcome its obstacles. Some also offer instructive examples for foreign enterprises keen to ride the growth of Chinese consumer culture. Here are four: (See pictures of China's infrastructure boom...
...Tingyi's growth is the result of laborious distribution work. Rather than rely on wholesalers, Tingyi hired specialized staff to ensure that its products were being sold not just in large supermarkets and convenience stores but in the tiny xiaomaibu, or corner grocers, where Chinese consumers still make a large share of incidental purchases. "Control over end distribution channels is one of Tingyi's key competitive advantages," according to the China Brands Index from Hong Kong brokerage CLSA...
...coalition compares the plot of the film to the battle over oil sands in Canada. Getting oil out of oil sands is incredibly destructive to the environment; old-growth boreal forests must be stripped away, and enormous amounts of water are polluted in the process. There are other obvious parallels to the movie, of course: producing oil-sands petroleum is expensive, and our quest for it suggests we're getting desperate for fossil fuels, the same way our future selves in Avatar have been forced to leave a wasted planet Earth in search of pricey, and presumably necessary, "unobtanium...