Word: importance
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...should be easy enough for Cho to recognize the secret of Hyundai's success. The South Korean company is following much the same formula that Toyota used decades ago to overcome its "cheap Asian import" stigma and become one of the world's most respected brands. When Hyundai first entered the U.S. market in 1986, its Excel sedan?an econobox with a $4,995 price tag?was an instant hit with frugal buyers. But customers soon discovered they were getting what they paid for: Excels were prone to quality-control problems and frequently needed parts replaced. Sales tanked, and Hyundai...
...sweeping as Nakasone's program sounds, it may not be enough to satisfy Japan's trading partners. They are concerned that the new measures will be phased in slowly over a three-year period and that many import restrictions were untouched. Quotas will remain on imports of 22 agricultural items. Examples: beef and citrus fruits and juices...
Xiao has plenty of problems to tend to in Chongqing . For one thing, the city is woefully short of transportation. Says Chen Zhihui, the municipal planning commission's vice president: "There are not enough trucks, cars, trains or taxis. We have to plan to import more." Hotel space is insufficient, and air service is inadequate. Chongqing's airport lies in a valley that is fogbound so frequently in winter that one of every three flights must be canceled...
...have begun passing off the Chinese truffles as Umbrian or Périgord black diamonds. The deception has roiled the luxury-food industry, particularly as European harvests have dwindled. Last season, when a heat wave cut the Périgord bounty from the usual 50 tons to 9, the import of Chinese truffles skyrocketed to an estimated 30 tons, from 20 the year before. This season the U.S. is facing its own Chinese-truffle deluge. A strong euro has sent the price of French-truffle imports up 30%, to $1,800 per kg wholesale, in the past year, leading some restaurants...
...single country; the last was in 1977 when the U.S. was coming out of recession. What we are seeing with China, and with India behind it, is analogous to the European economic miracle of the 1950s and 1960s. A dozen years ago, China didn't even import oil. Today it is the second-largest oil market. What U.S. motorists are seeing at the pump reflects strong economic growth in China...