Word: hong
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Dates: during 1980-1989
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Brokers said the market, which got off to a strong start after the opening bell, shrugged off the dollar's weakness in foreign exchange markets and the stock price decline on some overseas markets, particularly Hong Kong and Japan...
...crowd around the door of the Hong Kong could have turned out for your average Who concert. With an incinerator, the trash lying on Square sidewalks could have powered a small city...
...adjustment has not been easy. In such basic industries as shipbuilding, textiles and small electronics, Japan began losing customers to South Korea, Taiwan, Hong Kong and Singapore. Many Japanese firms had to cut production and sacrifice profits to remain competitive. Mazda, for example, saw its net earnings drop 77% in the six months ending April 30, compared with the same period a year earlier, as it struggled to keep its car prices down...
...Western Europe draw most of the attention, about one-quarter of the U.S. trade deficit is the work of a pesky group of second-tier nations known as the newly industrialized countries. Once dismissed as marginal producers of chintzy clothes and toys, the NICs, which include South Korea, Singapore, Hong Kong, Taiwan, Mexico and Brazil, have gone upscale, producing everything from VCRs and computers to cars and commuter planes. By importing technology and deploying armies of low-paid but often well-educated workers, the NICs have been able to undercut competitors' prices in markets all over the world. From...
...Hong Kong, which has perhaps the most freewheeling economy in the world, readily lets in imports and ships out exports like stylish clothing just as fast. Despite uncertainty about what will happen to the former British colony when China assumes sovereignty in 1997, business confidence is strong and economic growth is expected to reach 12% this year. Leaving many high-tech fields to the other NICs, Hong Kong is concentrating on being a financial center. Virtually all the world's major banks have offices there. Hong Kong is also developing its role as the gateway to the largest potential market...