Word: productivity
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Within the U.S., the imbalance is mainly seen as the product of protectionist policies by China, in particular China's refusal to let its currency, the yuan, appreciate against the dollar. There's certainly something to this - it's now universally agreed just about everywhere but China that a freely floating yuan would be worth significantly more than the 15 cents it currently goes for. By keeping its currency's value artificially low, China makes its products cheaper in the U.S., thus encouraging imbalanced trade. (See a story about China's consumers and the world economy...
...Crimson felt the loss was more a product of its shortcomings than the Bobcats’ talent. Physicality and hustle were issues for Harvard, as were penalties...
Showing up at the interview with a thin, yellow Lacoste hoodie, Felix Zhang’s disposition is every bit as sunny as his outfit. An economics concentrator from Cabot house, Zhang is a product of two countries—China and the United States. Born in America, then sent back to Shanghai to live with this grandparents, Zhang reacquainted himself with his parents when he returned to America as a child. “One day, my parents did come to Shanghai to pick me up and I was like, ‘Oh...hello, strangers...
...global economy. Shoppers in China are opening their newly stuffed wallets wider than ever. Passenger car sales surged 76% in October from a year earlier, while overall retail sales jumped 16.2%. Such spending has contributed to China's robust recovery from the global economic crisis. Gross domestic product grew a hefty 8.9% in the third quarter from a year earlier. (See TIME's photoessay "The Making of Modern China...
...report is the product of a year-long investigation initiated by the Provost’s office into a heavily decentralized system that has experienced escalating costs and a falling budget in recent years...