Word: upping
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Dates: during 2000-2009
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Do we really have to show up on wall Street with pitchforks and torches before its denizens get that we've had it with their lying, thieving games? Wayne Laepple, Northumberland, Pa., U.S.
But today, Xi'an is experiencing a renaissance. The locals who frequent Zhu's store have cash - and they're spending it like never before. On a recent Wednesday in late October, hospital worker Hao Jie, 40, is gleeful after dropping $1,200 on a 52-inch LCD TV for...
Foreign investment is migrating to Xi'an for similar reasons. Unlike on the coast, where Hong Kong and Taiwan companies have set up countless export factories, the investments in Xi'an tend to be more domestically focused. In October, Applied Materials, a California-based maker of manufacturing equipment for the...
That fact was obvious one recent Wednesday morning at a Wuling minivan dealership in Xi'an. Customers streamed into the showroom, briefly opened and closed the doors of the displayed minivans, and then marched over to the front desk to plop down their money, often within mere minutes of arriving...
To 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...