Word: outness
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Dates: during 2000-2009
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Surprisingly, it is provincial cities like Xi'an that are leading this transition. In China's heartland, you won't find many factories churning out cheap toys or clothing for overseas markets, the kind of industrial activity that underpinned China's economic miracle and made Shanghai and Shenzhen wealthy. Total...
For much of China's recent history, this difference was a liability. The country's vast, mostly agrarian West was isolated from the international economy and lagged badly behind the booming east coast in progress and prosperity. Nine years ago, Beijing sought to begin closing this development gap by investing...
But perhaps the biggest reason for optimism is Xi'an residents like Lu Bo. The 32-year-old says the salary he earns as a salesman in the air-freight department at China Eastern Airlines was reduced by a third last year when his company was hit hard by the...
Wanna bet? Prechter does. He has made a career out of his belief that financial markets are ruled not by fundamentals but by waves of irrational behavior. Lately, after a long run of relative obscurity, he's been getting lots of attention. So have other believers in cycles and waves...
See pictures of retailers which have gone out of business.