Word: marketization
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...will be covered are dumped into a government-run program that America already cannot afford. While 87 percent of doctors reported accepting all or most new privately insured patients in 2008, only 53 percent of doctors reported accepting all or most new Medicaid patients, because Medicaid reimburses doctors below market rates. What good is Medicaid coverage if a doctor refuses to see you because...
...result, the world's largest Internet company may now find itself shut out of the world's largest Internet market. Its partners are already minimizing any damage by association. Tom.com, a hugely popular portal, is no longer powering its search engine with Google, and China's two largest cell-phone companies are expected to tear up mobile-Internet and handset deals. Advertisers who have paid to reach the desirable demographic catered to by Google.cn - college graduates and professionals - are already feeling bereft. Soon, so will suppliers of music and video content to Google's Chinese service...
...such luxury is afforded, for instance, to recent China visitor Tom Albanese, the American CEO of the Anglo-Australian mining giant Rio Tinto, for which China is now the largest market. On the same day that Google switched off its Chinese filters, four of Albanese's employees went on trial in Shanghai on corruption charges. If he still believed (as many in the foreign business community did when the four were arrested in 2009) that the trial was retribution for a soured deal with Chinalco, China's huge state-owned aluminum producer, he wasn't showing it. He wasn...
...beyond, but they can't afford to be complacent about their business relationships with the Middle Kingdom. On March 21, the American Chamber of Commerce in Beijing reported that 38% of the companies responding to a recent survey felt frozen out - "unwelcome to participate and compete in the Chinese market" - a steep rise from 26% a year...
...China can hardly be blamed for favoring its own. Although it has managed to pull through the global crisis of the past two years better than virtually anyone expected (including, truth be told, Beijing's own leadership), its top export markets are still weak, and that is fostering a powerful drive toward boosting domestic consumption. The country also feels threatened by calls - most prominently made by U.S. President Barack Obama - for the renminbi to better reflect market fundamentals. In the past, U.S. Treasury Secretary Timothy Geithner has outright accused China of manipulating the renminbi and most (though not all) economists...