Word: savings
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Dates: during 2000-2009
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...healthy pace. Auto sales, helped significantly by government subsidies for small-car purchases, hit an all-time record in April and will easily surpass those in the U.S. this year. Overall, retail sales in China this year are up 16%. (Read "Is China's Economy Strong Enough To Save the World...
...account for almost three-quarters of the world's economic growth. Not surprisingly, China has now become the focus of a world that is looking for a way out of the swamp. As Shanghai-based economist Andy Xie puts it, "Everyone wants to know the same thing: Can China save the world...
...engine remains sidetracked. The IMF predicts the U.S. economy will contract 2.6% this year. American home prices continue to fall in some cities, while the unemployment rate has soared to 9.5%, the highest since 1983. The U.S.'s much ballyhooed stimulus plan has so far yielded little measurable benefit, save putting some spark back in stock markets. The absence of real signs of recovery has Washington discussing the possibility of yet another round of stimulus spending, despite a ballooning federal budget deficit...
...Fast still, the best possible answer to the question of whether China can save the world is: Not yet. Plenty of economists doubt that China's economy is as sound as it appears or truly on the road to a sustained recovery. And many more dismiss the chatter about China as the world's economic savior as hopelessly premature...
...Iran's rebellious youth as well as its street artists, albeit in furtive and risky situations. Graffitists hurriedly stencil their graphics in out-of-the-way alleys (for example, to mock the regime's insistence that foreign agents helped foment the street protests, a noted brother duo sprayed "God Save the Sk8" against a British flag). Break dancers and techno producers must be content performing in cramped basements and villas outside the capital. Nonetheless, the mere existence of these cultural jammers is a form of protest...