Word: steels
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...grow at a significant rate" of 8.3% this year and 8.2% in 2005, he estimates. But that's not to say that some overheated sectors in which investment has been rampant will not suffer. Beijing has targeted a number of industries-among them aluminum, autos, construction supplies, real estate, steel and textiles-for special restrictions. Among other measures, the government is discouraging new projects by withholding necessary approvals, threatening punishment to those who ignore a prohibition on converting agricultural land to other uses and requiring entrepreneurs to risk more of their own money. For example, investors in steel mills previously...
...coverage to Greek state TV. The Deputy Culture Minister nervously smashed a bottle of red wine on the base of the arch and looked skyward. The gods of Olympus answered her silent prayer. The 9,000-ton roof segment moved - just. The closing, fittingly, was excruciatingly slow, the huge steel arch moving at a rate of 5.5 m/h as teams of engineers and builders hung like spiders from ropes and perched on cranes. It took four days in all. "Thank God," sighed Greece's chief Olympic organizer Gianna Angelopoulos-Daskalaki when it was finally over. Other blessings soon followed...
...trip to Europe last week, Wen made soothing, Greenspan-like sounds, saying China's outlook was "good on the whole" while noting "excessive" credit growth and overinvestment in some economic pockets, such as construction and steel manufacturing. He promised "resolute" measures to curtail profligacy. Indeed, Beijing has already made some moves. Regulators have increased banks' reserve requirements, reducing the amount of cash available for loans, and the central government is trying to curb rampant unauthorized development by local governments, promising punishment for those who ignore stop signs. Late last month, several Communist Party officials and a Bank of China manager...
...story on Japan's economic recovery [April 12], we said that the 2003 steel production for Nippon Steel's Kimitsu Works was 925 million tons and that the Japanese government's yen intervention from the start of this year amounted to $900 billion. The numbers should have read 9.25 million and $95 billion, respectively...
Method brought groovy design to the dreary world of home-cleaning products with dish-washing soaps in bottles designed by Karim Rashid. Now aesthetes cum cleaners can stock up on the company's almond-scented wood polish and stainless-steel cleaner. Like the smell but not the scrubbing? Look for Method's scented candles and room sprays at Target stores later this month...