Word: lows
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Dates: during 1990-1999
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...Qianlong is moored for the night at Wushan, and next to it at the dock is a large boat with a neon sign for WUSHAN GODDESS ENTERTAINMENT CITY. Gambling is illegal in China, but this is a casino, open all day, with high-low dice games, blackjack and bingo. Laid-off workers crowd the tables, spending their last renminbi on a few rolls of the dice. The casino is run by an overweight Hong Konger who wears expensive jeans and a heavy gold watch but doesn't want to give his real name. Neither do his two formidable-looking bodyguards...
...with the minute scale of the boats passing by on the river. This, then, is the size of China's dreams for the future--bigger and more ambitious than outsiders can imagine. Even within China, the dam has its opponents. But no one leaves Sandouping--resounding with trucks in low gear, clanking machinery and the occasional detonation of explosives--without being overawed by the size of the biggest construction site on earth...
...business deals with Beijing. China is a tough customer when it comes to buying American. There is an enticing market there of 1.2 billion people, but most U.S. trade with China runs the other way. The deficit is running at $4.3 billion because Americans buy 70% of their low-end consumer goods, like shoes, toys and textiles, from China, which has replaced richer Asian nations as the cheapest supplier (which keeps U.S. inflation down). What America mainly sells to the Chinese is high-value-added items like machinery, aircraft and transportation equipment, a few big-ticket sales that...
...Japan doing what it needs to do." As he continued to speak, an aide passed him a note saying the yen had suddenly begun to drop. Apparently assuming that Washington would remain on the sidelines, dealers had sold billions of yen, sending the currency to an eight-year low...
...from the hypertension drug Posicor--a calcium-channel blocker recalled earlier this month--to an alternative blocker, a new report cautions. Four patients have gone into shock--one died--after changing within 24 hours from Posicor to another drug. The quick switch caused blood pressure to plummet to dangerously low levels...