Word: traded
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Dates: during 2000-2009
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What the Chinese government has not been able to solve because it does not have to power to is the rapid and intractable drop in exports. It shows how dependent the country is on its trade partners. With the recession in the major consuming nations deepening and signs that it may not reverse itself, China faces three more quarters of economic difficulty. Basically, the central government cannot spend its way out of its export problem...
...become increasingly entwined with its northern neighbor, sending the U.S. 80% of its exports, 400,000 migrants and an estimated $30 billion worth of narcotics every year. But in the past 12 months, this special relationship has been seen as more blight than blessing, with falling remittances, tumbling trade and an increasingly bloody war over the north-bound drug business. Many here are looking for the U.S.'s new and novel leader to revive the North American partnership. (See pictures of Obama's trip to Europe...
Nowhere is this bilateral relationship more apparent than in Tijuana, the busiest border crossing on the planet. A giant launching pad for migrants, center for U.S.-owned assembly plants and strategic front in the drug trade, the city of 1.6 million has long enjoyed the best and worst of living next door to the U.S. colossus. However, that relationship has soured in recent months with news of a bloody cartel turf war that has scared many Americans away from even stepping foot in Tijuana. (See pictures of Mexico's war on drugs...
...northern border to push back enemy troops. Both sides suffered horrific losses, but Vietnam eventually proclaimed victory. Decades later, diplomatic relations have been restored and the two nations, at least in public, call each other friend. Vietnam's former foe is a major investor in the country, bilateral trade is at an all-time high, and tourists, not troops, are pouring...
...city's tourist officials are also championing Obama's vocal position on the drug trade. "He has taken the big step in recognizing that America has a major responsibility in this fight," says Jahdiel Vargas, director of Tijuana's Tourism and Conventions Committee. "He has been much clearer about this than previous U.S. Presidents." Obama has promised to step up efforts to stop guns and drug money from heading south and to increase direct aid to Mexico in the fight against the cartels...