Word: xu
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Those relations resumed in October when Xu Caihou, vice chairman of China's Central Military Commission, visited Washington. "Xu went to America and talked to Obama about arms sales," says Yan Xuetong, director of the Institute of International Studies at Tsinghua University in Beijing. "But the arms sales will continue because of the Taiwan Relations Act. That shows that they can talk nicely, but can't reach an agreement...
...showroom, briefly open and close the doors to the displayed minivans, manufactured by a joint venture between General Motors and two Chinese carmakers, and then march over to the front desk to plop down their money. While salesmen in the U.S. struggle to move cars off their lots, Xu Zhanrong, the deputy general manager of the Xi'an dealership, can barely keep the Wulings in stock. Sales are up some 40% this year, Xu says, with about 50 customers a day driving off with new minivans. "From what I see, people are changing very dramatically," Xu says. "Before people thought...
...Xu's words should be music to the world's ears. As debt-laden consumers in the U.S. retrench, increasingly wealthy Chinese consumers could become one of the most important sources of growth for the global economy. Shoppers in China are opening their newly stuffed wallets wider than ever. Passenger car sales surged 76% in October from a year earlier, while overall retail sales jumped 16.2%. Such spending has contributed to China's robust recovery from the global economic crisis. Gross domestic product grew a hefty 8.9% in the third quarter from a year earlier. (See TIME's photoessay...
...extend healthcare to 90% of the population. Along with these very long-term efforts to boost consumer confidence, the government has also implemented short-term measures to spur on spending. Car sales this year have been boosted by tax breaks and China's own "cash-for-clunkers" program. Xu Zhanrong's Wuling minivan sales have been helped along by a special 10% rebate offered on certain vehicles to residents of rural areas, who make up a majority of Xu's customers. (See TIME's photoessay "China Rebuilds.") (See TIME's photoessay "China's Electronic Waste Village...
...Staff writer Denise J. Xu can be reached at dxu@fas.harvard.edu...