Word: roles
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Dates: during 2000-2009
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...Even though Chinese are becoming wealthier, they are actually saving a greater percentage of that new wealth. Cornell University economist Eswar Prasad figures that China's average urban household saving rate reached 28% of disposable income in 2008 - 11 percentage points higher than in 1995. As a result, the role consumer spending plays in China's economy continues to head in the wrong direction. Private consumption accounted for a mere 35% of GDP in 2008, down from 46% in 2000. China's ratio stands at about half that in the United States, and even trails the level in comparable emerging...
...economists say Beijing's measures aren't going far enough. Huang Yasheng, professor of political economy at the MIT Sloan School of Management, says that the government needs to do much more to accelerate the income growth of poor Chinese if consumer spending is to play a bigger role in the economy. The average Chinese, he says, doesn't have as much cash to spend as many people think. Actual household income per capita is only about half of GDP per capita, compared to 80% or more in other major economies, placing "a cap," Huang says, on consumer spending...
...documentary “Collision” features a series of debates between the prominent public atheist intellectual Christopher Hitchens and theologian Douglas Wilson on the role of Christianity and the world. Some of the interesting things from the documentary...
...FlyBy can’t stand the character of Sandy Ryerson, but we enjoyed his return as the pot cupcake-enabling Chronic Lady. Can it be long before he schemes his way into the school again, or will his role going forward be like this rare appearance as the go-to drug dealer...
...position the U.S. used to occupy. Ever since its foray in Indochina four decades ago - not to mention its earlier occupation of the Philippines, where it maintained military bases for decades - the U.S. has garnered suspicion for its muscular interventions in the region. Having China take up the role of regional heavy might feel like a relief. But increasing irrelevance isn't an enviable position, either. In his 90 minutes, Obama will have a lot of explaining to do - no matter how pleased ASEAN's leaders will be to meet...