Word: trade
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Dates: during 2000-2009
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...provincial cities like Xi'an that are leading this transition. In China's heartland, you won't find many factories churning out cheap toys or clothing for overseas markets, the kind of industrial activity that underpinned China's economic miracle and made Shanghai and Shenzhen wealthy. Total international trade represents a mere 18% of Xi'an's GDP, compared with 160% in Shanghai. Xi'an is being built instead on the burgeoning spending power of its own consumers, and on the expansion of Chinese companies churning out products for Chinese. "The domestic market will be the leading reason for China...
...transformation. China has come to depend too much upon exports and investment for growth. What's needed is economic rebalancing, so that domestic consumption contributes more to expansion. This transition would help not only China - it would also help to stabilize the global economy by easing China's massive trade and current-account surpluses. With American consumer spending on the wane, China needs to rely less on U.S. markets to absorb its manufactured goods. The country's growing armies of middle-class consumers are being called upon to fill the vacuum to ensure the country can remain on its blistering...
...agenda includes a stalled trade pact and efforts to persuade North Korea to abandon its nuclear ambitions...
...risk of another attack. Experts also noted the legal issues a civilian trial will raise--including the use of evidence obtained through waterboarding, to which Mohammed was subjected 183 times, and the difficulty of finding an impartial jury in a Manhattan courtroom just blocks from where the World Trade Center once stood...
...China, which would mean in excess of $30 billion this year. As those goods enter the port of Long Beach, Calif., they require American workers to offload them, American trains and trucks to ship them and American workers to sell them. None of those facts are visible in the trade statistics, yet they are real. And take a company like Schnitzer Steel of Oregon, a once regional company that collects and sells scrap metal. Had it not been for Chinese demand driving up the cost of scrap, Schnitzer would not have seen the soaring profits that allow it to employ...