Word: slump
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...voracious appetite for raw materials (as well as for cars, cell phones and other middle-class baubles) has made it an increasingly key trading partner for its neighbors. Demand from China, for example, played a large role in hauling Japan's export-driven economy out of a prolonged slump. The mainland's neighbors have already been warily monitoring Beijing's efforts to cool overheated sectors such as real estate, fearful that clampdowns on credit and investment could crimp their China trade. Now there's a new worry: "China's dependence on oil is very high," says Shuji Shirota, chief economist...
After an eternity lasting 104.71 seconds, Thorpe's hand touches just ahead of Hoogie's and the thousands of Australians sigh and slump exhausted into their seats. Two rows down, a portly woman is gasping for breath. "It's harder work up here than in the pool," she says. The air is cool now, but her husband is dabbing with his athina 2004 cap at streams of sweat. "My bloody oath," he replies. Strangers are toasting each other with plastic cups of Heineken, tough-looking businessmen with smiles so wide you glimpse the children they once were...
...Japanese gymnasts vaulted into first place, with the Americans and Romanians rounding out the medal count, Teng sat slump-shouldered on the sidelines, his face set in a stunned frown. Finally, teammate Yang Wei, a veteran gymnast who captured a gold team medal and a silver in the individual all-around in Sydney, leaned over and patted Teng. "He shouldn't worry, because he will have another chance in Beijing," commented Yang. "Teng's still a young boy full of hope." Two days later, Yang himself floundered, finishing seventh in the individual all-around event, after being pegged...
...Kong. The demonstrations in 1989 were prompted by fears that Hong Kong's way of life would be threatened after the handover of sovereignty from Britain to China in 1997. Last year's march followed an awful year in which the city had been by paralyzed by an economic slump and the SARS epidemic. This year, by contrast, Hong Kong turned out to celebrate and demand democracy, calling for the popular election of the territory's Chief Executive in 2007 and for universal suffrage in the vote for the Legislative Council in 2008. (Beijing, which has the ultimate...
...Kong. The demonstrations in 1989 were prompted by fears that Hong Kong's way of life would be threatened after the handover of sovereignty from Britain to China in 1997. Last year's march followed an awful year in which the city had been by paralyzed by an economic slump and the SARS epidemic. This year, by contrast, Hong Kong turned out to celebrate and demand democracy, calling for the popular election of the territory's Chief Executive in 2007 and for universal suffrage in the vote for the Legislative Council in 2008. (Beijing, which has the ultimate...