Word: spending
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...about 50 purchased each day. One big reason, Xu explains, is that his customers, and especially those who come in from the nearby countryside, don't worry as much about saving for their old age as they had in the past. "Now they find they have more money, to spend and enjoy life more, however they want to use it," Xu says. "From what I see, people are changing very dramatically...
...keep that change going, the Chinese government has more work to do, however. Though the ingredients of rebalancing might be percolating in Xi'an and the rest of China, making it actually happen will take additional reform. The economy is still too dependent on investment and government spending instead of private consumption. Even though consumer spending is increasing, it is not growing quickly enough. Private consumption's role in the economy has actually been declining, to a mere 35% of GDP in 2008 from 46% in 2000. Economists say policymakers need to speed up the development of a better social...
...sales have accelerated is government tax breaks and rebates offered on certain car purchases - incentives that won't last forever. State subsidies have also been given to rural residents to spur sales of refrigerators and washing machines. Though the government is implementing longer-lasting plans to convince citizens to spend more money (including a $125 billion program to improve national health care, especially in less developed regions), those efforts will take years to reach their full impact...
...Laszlo would eat nothing but ice cream. She and her husband are warm and adventurous, but they were both therapists, so Laszlo would have to pretend to care about all kinds of pointless conversations that end in tears and, I'm sure, more ice cream. Also, they plan to spend half the year at their place in Florida, which would be fine if they balanced that with the rest of the year at the World Economic Forum...
...clock on a Saturday, people are already drunk and dizzy in the road. It's not doing any good to the citizens of this country. I think we have to take measures. Many people are not employed or do not have anything to do, so they spend their time in the tavern. They are not active, they are not useful. And there's the connection to crime - on Friday and Saturday, crime is very high and that's directly linked to drink. Any leader who does not take that seriously is allowing his citizens to go down the drain...