Word: zhu
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...Anji that process is just beginning. In 1993 Zhu Kanglin, then 23 and a farmer turned plastic-mold factory worker, scraped together $3,000; bought wheels, arms, foam padding and plywood chair bodies from local components manufacturers; and hired 20 friends to assemble the parts into finished products. Today his Heaven Office Furniture makes 1,000 kinds of office chairs, from executive models in black leather and chrome to squat cloth-clad cubicle standards. Zhu won his first export contract in 2004. He also attended the Cologne Furniture Fair in Germany and sent 80% of his $3 million output...
Italian manufacturers shouldn't think that their Chinese competitors have things easy. Zhu and his counterparts are constantly worried about maintaining their edge. Most of the 210,000 Anji chair laborers are locals. They work nine- to 10-hour days six days a week and make about $185 a month--vs. $1,000 in Italy. But as Anji sprouts new plants, workers have become scarcer, making it difficult for manufacturers to keep salaries low. Local officials have established a personnel office to lure more migrants from less developed areas, but their real concern is to improve the quality of Anji...
Interviews with undergraduates over the weekend revealed a wide range of views on the recent controversy. Yuan Zhu ’09 of Straus Hall gave FAS members a thumbs-down for their handling of the Summers affair. “They pushed him out of the campus,” Zhu said...
...barely keep pace with the huge surge in demand that has been driving up prices to more than $60 per bbl.--which puts supply at the mercy of politically fickle energy producers like Russia and Iran. "We will have some shocks because supply is so tight," warned Zhu Min, executive assistant president of the Bank of China. He also expects a surge in volatility in financial markets this year and, like the other panelists, worries about how successfully the untested new chairman of the U.S. Federal Reserve, Ben Bernanke, will deal with unforeseen problems...
...China's continuing boom and its uneasy economic relationship with the U.S. was a central preoccupation of this year's World Economic Forum. "This locomotive has changed the whole structure of the global economy," said Zhu. "The U.S. and Japan are no longer the global-growth engine." At the end of last year, China officially adjusted the size of its economy in an attempt to better reflect the plethora of activity taking place that wasn't counted in previous, Soviet-style central-planning statistics. The upshot was a 16.8% increase in gross domestic product that pushed China's economy past...