Roach's key argument is that huge US government borrowing is driving the consolidated US savings rate down to unprecedentedly low levels-below 2 percent of GDP. In this situation, the only way to fund investment and government spending in the US will be to sharply increase borrowing from foreign sources-largely China or Japan. But, would China or Japan really be willing to invest more in dangerously over-valued dollar assets?
Rising wealth, a growing appreciation of ivory as part of Chinese cultural heritage, its value as a status symbol and popular gift, and a sense that it was an inflation-proof investment created a boom in the industry, and a huge opportunity for global crime syndicates to exploit.
Rising local brands are also attracting consumers from small foreign brands including Suzuki with their increasingly competitive products, said analysts. Among others, Geely and Great Wall Motor have unveiled their upscale brands that are aimed at headon competition with international rivals.
Roznowska and Grant vary their route every day. While they accept tips, they also appreciate the good vibes that come their way.
Robots continue to be the highlight of the China International Industry Fair that will end on Sept 21 in Shanghai.
Rob Glaser, founder and CEO of RealNetworks, says the US firm is bullish on the Chinese market and the country's innovations. [Photo provided to China Daily]
长沙网站排名优化
Rotterdam-based consumer goods company Unilever Plc and Tmall, Alibaba's online marketplace for reputable retailers, have built a new research and development center to promote health-related products.
Ruan Zongze, vice-president of the China Institute of International Studies, said exerting maximum pressure on the DPRK shows that the US distrusts the thaw on the Korean Peninsula.
Rice is a staple food in China, as well as many other Asian countries.
Robust economic development has contributed to improving China's international competitiveness. The ascent of the country's global competitiveness was reflected by a report published by the International Institute for Management Development (IMD) business school in Switzerland.