Word: outputted
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...former washing-machine manufacturers to modern joint ventures run by the likes of Volkswagen and General Motors. Most have responded to the growing demand with massive capacity expansion. Accounting firm KPMG predicts that within two years China will be able to build 4.9 million sedans a year--roughly the output of Germany--and will outstrip even China's fast-growing demand by 2.3 million cars a year...
...shirts to sheet steel, China is building up excess capacity at a breakneck pace. The country's economy grew 9.1% last year and attracted $53 billion in foreign investment, second only to the U.S. economy. The emerging middle class pushed retail sales up 9% in 2003, but industrial output shot up 17%. Economists warn of a crash waiting to happen: if too many factories make too many goods chasing too few buyers, the results are likely to be deflation, widespread business failures, layoffs, loan defaults and shaky banks. And with many other Asian countries retooling their economies to fuel China...
...soon" applies to a range of commodities. At Anyang Iron & Steel, one of China's biggest steel producers, the company's vice chairman, Wu Changxun, points to a tremendous dirt expanse outside the factory. Workers are erecting a new foundry there that will more than double the plant's output capacity. It is slated to provide part of the 50 million tons in increased capacity expected nationwide by 2005. "Banks are offering us loans even without our asking," says Wu. That money will have to be repaid. Letting extra capacity sit idle is no option. If the economy cools down...
...Shall All Be Healed is an example of a great band refusing to go any farther than their long-stayed course. There’s nothing particularly bad on the album, so for one unacquainted with the Goats, it represents them well. But considering their prolific and prodigious output, this release of rehashed songs and half-developed concepts seems nothing more than a sad tear-jerking waste...
...four centuries, Harvard has served as a beacon for innovative thought and cerebral output. Its students have produced masterworks of mathematics, philosophy, fiction, poetry, policy and science. Now, Harvard students will exhibit their talents in a whole...