Word: low-end
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...been six weeks since He Jun, a Hong Kong-listed company, shuttered two of its biggest factories in China - suddenly and without any warning, former workers say. They were among the latest and largest factory closures in China's battered low-end industries: toy manufacturers, textile companies and shoemakers most prominent among them. China's steadily appreciating renminbi (RMB) currency - which makes Chinese goods more expensive in key export markets like the U.S. - as well as higher costs embedded in a new labor law enacted last year were already wreaking havoc with companies that survived even in the best...
...more politically sensitive issue - on both sides of the Pacific - is whether China will continue to allow its currency to appreciate. The RMB is up almost 20% against the U.S. dollar since July of 2005, and that's part of the reason small, low-end Chinese exporters have seen their profits dwindle. A Chinese businessman asked Paulson after his speech whether the renminbi had appreciated sufficiently against the dollar. Paulson didn't answer directly, but in Beijing they know what the answer is: you bet it has. With Chinese growth slowing significantly and the economic pain spreading, "any further liberalization...
...some: to cut costs, Hershey's recently replaced cocoa butter with vegetable oil in several products, which is why the labels on Mr. Goodbar, Milk Duds and Krackel now have to say things like "chocolatey" instead of "milk chocolate." But even as the king of American candy cheapens its low-end stuff, Hershey's--which saw its quarterly profit double recently--is diving into choco-luxe. Cran-blueberry almond, anyone...
...expect that more fervently nationalistic Americans, usually on the right, would be open-minded toward American Ap-politics.At this point, it is up to American Apparel to decide what it is, or the market will inevitably decide for it. Where it sits now, it is neither luxury nor low-end, and unless our financial crisis rapidly resolves itself, Am Ap will have to start leaning toward extremes in order to sustain the success to which it has grown accustomed. If it curbs its retail expansion and fully embraces high-end, it will lose a large portion of its consumer base...
...stress-free condominium with access to yacht marinas and golf courses, Phuket is the right choice - as long as you have the cash to afford it. "There's a strange situation in Phuket," says Risinee Sarikaputra, head of research for property consultant Colliers International in Thailand. "You have low-end residential units that are bought by Thais, and you have luxury units that are bought by foreigners. But there's no real middle-class level. It's either low or high...