Word: risings
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...reason for their angst is clear enough: throughout 2009, the most severe global downturn in decades, China's economic growth remained intact. This year, China's GDP will likely rise 9% or more, in contrast to a merely subpar recovery in the U.S. and Europe. For thousands of companies across the globe, anything that threatens China's buoyancy threatens their own bottom lines. (Witness the sell-off in the S&P 500 on Feb. 12, when Beijing's central bank raised by a tick the so-called reserve ratio requirement for its banks.) And nothing, not even massive government infrastructure...
...timing that the glowing, indeed craven, China's Megatrends appears just as the world is rethinking China's rise. Google's threat to pull out of China, friction over the Dalai Lama, problematic international access to China's domestic market, the country's flawed regulatory environment, its voracious hunger for resources, its geopolitical maneuvers in Africa and Asia: all have lent urgency to worries about the country's ascendancy. But not for John and Doris Naisbitt. To them, China is an unalloyed success, one whose virtues are too little understood. Take Internet censorship: "Actually, most of the concerns about...
...remains the key issue for voters. Germany may be officially out of recession but Europe's biggest economy is struggling to get back on its feet. Unemployment is creeping up and public finances are deteriorating. Germany's budget deficit reached 3.3% of GDP in 2009 and is forecast to rise to more than 5% of GDP this year - far more than the 3% limit set by European Union rules. Add in worries that Berlin could end up bailing Greece out of its own financial predicament (so far Merkel's response to calls for help has been a firm nein, though...
...that destroying the crop would enrage the population. Mohammed Rahim Khan, who fled the invasion and has just returned to his poppy fields, tells TIME, "I spent lots of money on my field, and so did my neighbors. If the government destroys the fields, nearly all the people will rise against them...
Since wheat prices have continued to rise since 2008, officials believe the farmers will be more amenable to change. But much will depend on whether the farmers can be persuaded that they've seen the last of the Taliban. Many fear the insurgents will return and punish those who cooperated with U.S. and Afghan officials...