Word: rapidness
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...What developers didn't count on, though, was stingy consumers. Despite the country's rapid economic gains, the average citizen has little to spend on frills. Per capita annual income remains below $2,000. The average household saves more than 25% of its pay, in contrast to Americans, who in recent years have tended to spend more than they make. Just 4% of Chinese have credit cards, and purchases using plastic average less than $1,000 a year per cardholder. By Western standards, Chinese consumers simply have not yet begun to spend. As a result, "less than a handful...
...This rapid rise testifies to the buoyancy of China's equity markets. The relentless increase in stock prices in both Shanghai and Shenzhen-the former market has trebled in value in just the past 18 months-has triggered a stampede of Chinese companies eager to offer shares to a ravenous public. But is the IPO boom a historic milestone marking the permanent shift of China's financial center of gravity from Hong Kong to the mainland? Or is it a temporary aberration that, for investors, will come to a tragic and costly...
...encouraging IPOs, the government is also trying to manage a troublesome side effect of the country's rapid economic development. China's citizens have few investment options. Interest rates on savings deposits don't even keep pace with inflation. So many have dumped their growing savings into real estate, resulting in speculative property bubbles in major cities that have driven house prices beyond the reach of average people. The fact that property prices in places have declined while stock prices have soared is not an outcome that displeases the government. "If the new listings diverted some savings that were otherwise...
...surveillance and reconnaissance assets," suggesting a need to enhance UNIFIL's security as much as improving its ability to carry out the mandate. Graziano said he wants cameras and thermal imaging equipment to watch over UNIFIL bases, the border and remote areas, freeing up troops for force protection and rapid reaction duties. He even hopes to receive reconnaissance drones. The French battalion is equipped with pilotless drones, although they have not been employed due to objections by Hizballah, which suspects that any intelligence gathered by UNIFIL's drones could fall into the hands of its enemies. "I would like...
Reithofer pooh-poohs the pessimists. "Size and success have got nothing to do with one another," he says. BMW's rapid sales expansion in the past few years provides some economies of scale, he says. He points out that the firm is also pooling its resources with other manufacturers, developing engines for the Mini together with Peugeot and hybrid-engine components together with Mercedes. Looking around the world, he makes a sharp distinction. Toyota, the world's biggest and most profitable car company, "is strongly process driven," he says. BMW, by contrast, "is more product driven--and I wouldn...