Word: ying
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Dates: during 2000-2009
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...took the lead in later phases of construction. A similar pattern appears to be playing out in alternative energy. Foreign wind-turbine manufacturers held nearly 60% of the Chinese market in 2006. By last year that position was reversed, with Chinese firms taking 74% of new installations, says Jun Ying, chief China representative for the consulting firm New Energy Finance. In fact, the number of Chinese turbine manufacturers has expanded so rapidly that the government, fearing a glut, warned in October that applications for new factories might not be approved...
...Given the number of foreign companies that have set up their own facilities in China, the government is unlikely to let them fail completely, says New Energy Finance's Ying. "If they have manufacturing capacity in China, they generate GDP, generate tax revenue, generate employment, I do not see a reason why the Chinese government would let them die," he says. "A parent may like one child more than the other, but at the end of the day I think they will continue to do well and continue to do business in China." With the rest of the global economy...
...artwork to the island. There are just 37 pieces this time (comprising Qing dynasty paintings, vases, seals and other artifacts), and they are strictly on loan from Beijing's Palace Museum. But the gesture is unprecedented, emotionally charged and heralded as one of the fruits of Taiwan President Ma Ying-jeou's conciliatory cross-strait policy...
...What changed? First, Taiwan President Ma Ying-jeou eschewed the breakaway bluster of his predecessor Chen Shui-bian and, amid the global recession, hitched Taiwan's economic future to China's growth engine. In just the 15 months Ma has been in office, Taiwan and China have launched a raft of trade, investment, transport and cultural initiatives and exchanges that are inexorably binding the two together. As much as it will ever trust any Taiwan leader, Beijing sees Ma as a pragmatic politician with whom it can do business. (Read "Building Bridges to China...
...very likely prospect. Taiwan's current President Ma Ying-jeou's friendly policy towards China has been a big contrast from Chen, who was often deemed a troublemaker. Since coming to office last May, Ma has forged closer economic ties with China through establishing direct transportation and opening up tourism and investment to the Chinese. But Ma's popularity has suffered a big blow recently from public dissatisfaction with the government's relief efforts after a disastrous typhoon hit the island a month ago. It left over 700 dead and missing and over 7000 homeless. A new premier and Cabinet...