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And nothing has driven China's growth more than real estate investment. Last year, fixed-asset investment accounted for more than 90% of China's overall growth, and residential and commercial real estate investment made up nearly a quarter of that. (See pictures of the global financial crisis.)
For years, regional governments across China have been building massive real estate projects that have attracted both private and corporate buyers. As prices have continued to rise (residential values in 70 large and medium-size cities across China soared in 2009, according to real estate consultancy Colliers International), more investors...
Automakers, meanwhile, are developing their own battery capability. Ford, for one, believes that designing its own lithium-ion battery packs will help streamline the development of its electric vehicles and reduce the cost. Design experts will be brought in-house, says Nancy Gioia, Ford's director of global electrification. By...
See more on TIME's Detroit blog.
Make no mistake about it: Change has come to America. When President Obama signed the health-care bill into law, our country came one step closer to a more perfect union—one step closer to the ideals of equal opportunity and social justice. This bill is our victory?...