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...expert on China's markets. "Participation is limited. You're not going to see a wealth effect"-a decline in consumption because people feel poorer when stocks fall-"and companies don't use the market as a major tool of financing." Investors who thus savaged the stock of, say, Caterpillar Inc., a heavy-equipment maker in Peoria, Illinois, because they feared the company's booming China business was suddenly going to fall off the cliff should probably rethink that a bit. As Jun Ma, the chief economist for greater China at Deutsche Bank in Hong Kong, says...

Author: /time Magazine | Title: Fear Factor | 3/1/2007 | See Source »

...expert on China's markets. "Participation is limited. You're not going to see a wealth effect" - a decline in consumption because people feel poorer when stocks fall - "and companies don't use the market as a major tool of financing." Investors who thus savaged the stock of, say, Caterpillar Inc., a heavy-equipment maker in Peoria, Illinois, because they feared the company's booming China business was suddenly going to fall off the cliff should probably rethink that a bit. As Jun Ma, the chief economist for greater China at Deutsche Bank in Hong Kong, says...

Author: /time Magazine | Title: Behind China's Stock Meltdown | 2/28/2007 | See Source »

...turned them into a multimedia empire. In addition to writing his books, Gitomer is the host of "Selling Power Live," a monthly audio training program; two websites gitomer.com and trainone.com) and corporate training seminars--more than 100 a year, to such companies as Coca-Cola and Caterpillar, for $30,000 apiece...

Author: /time Magazine | Title: Barnum Would Be Proud | 2/8/2007 | See Source »

...NAFTA's market access is accelerating this corporation's global evolution. More than half its roughly $1 billion in sales last year went to the U.S., Canada, Japan and Australia, and 84% was auto parts. That will expand when a $136 million engine factory, a joint venture with Caterpillar, opens next year. Saltillo's building-products division, on the other hand, is 90% dependent on the domestic market. Within five years, this proportion is projected to be evenly split between domestic and foreign sales, a feat that may not prove feasible for other business units, which would then be more...

Author: /time Magazine | Title: Mexico's Paradox | 11/13/2006 | See Source »

Anthony Salzman remembers the last time Vietnam was tipped to be Asia's next tiger economy. The former antiwar protester turned business consultant was representing Caterpillar in Vietnam when the country opened up to foreign investment in the early 1990s. Back then, Hanoi's streets were filled mostly with bicycles and all fax machines had to be registered with the police, but that didn't stop international executives from packing the bar of the only foreign-run hotel in Hanoi, the Metropole, to plot their future fortunes. "In that one bar on any given night," recalls Salzman, "there were people...

Author: /time Magazine | Title: Vietnam Trades Up | 11/13/2006 | See Source »

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