Word: ying
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Dates: during 2000-2009
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Consider recent apartment buyer Hong Chang-Ying, who owns and runs a small electronics store in central Shanghai. She bought her apartment in Shanghai three years ago for the equivalent of about $80,000, and was "sure she could sell it by now at a profit, and buy a bigger place." Ask her if that plan still holds, and she just laughs. "I have no idea now what my place is worth now - and I don't intend to find out, because I'm not going to sell into this market." China may not confront the disastrous effect that huge...
...felt by politicians and policymakers, who have slashed interest rates and hiked fiscal spending in an attempt to stimulate growth. In January, Taiwan's government doled out $2.6 billion in spending vouchers - or about $100 a person - to encourage consumers to splash out. The administration of President Ma Ying-jeou is also pushing a $14.7 billion program of infrastructure projects through the legislature, which includes funding for construction of better bridges and more subways. Singapore in January announced a $13.4 billion "Resilience Package" that will increase the country's budget deficit to a record level. Yet there is a limit...
...tigers are already heading in the right direction. Shortly after South Korean President Lee Myung Bak took office last year, he launched a program to improve the services sector by increasing financial assistance to targeted businesses and by reducing red tape. Taiwan President Ma Ying-jeou is undertaking his own deregulation program, with a special focus on Taiwan's biggest trading partner, China. Ma believes that sectors of Taiwan's economy, such as tourism and finance, have been stunted by the island's political standoff with Beijing. (China considers Taiwan a renegade province.) Ma is pushing for an agreement with...
...because they lack the scale, financial resources and technical prowess of their larger Korean and American rivals. The companies' woes are pushing the Taiwan government toward a bailout of the industry. "We have the intention and the resolve to help the DRAM companies through difficult times," Taiwan President Ma Ying-jeou reportedly told electronics industry executives in early January. Aid is crucial, policymakers believe, because Taiwan's chipmakers are simply too important to the economy, which specializes in manufacturing gear like notebook PCs. "It's bad for the whole high-tech industry here if the DRAM industry fails," says...
...foes China and Taiwan resumed direct, daily commercial flights for the first time in almost 60 years, ending the need for travelers to add hours to their trip by changing planes. The flights--as well as direct ship traffic--are seen as a result of Taiwan President Ma Ying-jeou's work to thaw relations with Beijing...