Word: foreign-built
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Sugar, meat and flour are rare and prohibitively expensive. Factory workers have become inefficient because of malnutrition, according to the Western managers of foreign-built plants...
...Chinese budget. Although China's international credit rating is excellent, the country has never dealt in the lofty sums now being discussed. The Chinese hope to finance their modernizations through development of oil exports, through joint ventures in which they pay off their debts in goods manufactured in foreign-built mainland factories, and through their immense human resources: manpower and discipline. One shadow over the New Long March, however, is doubt that the primitive Chinese economy can rouse itself to meet the price. One freewheeling guess is that the Four Modernizations could cost $800 billion by 1985 The Chinese consumer...
...expired. Other shipments were stalled in New Orleans. The Crescent City's Grunewald Music Co., a dealer for Yamaha pianos, was forced to lend a piano to the local Playboy Club when a new one was stranded on a ship. Because of the growing trend toward using foreign-built components in U.S. products, the strike is bound to have a large effect on some major American manufacturers. For example, tractor parts produced by International Harvester's British subsidiary, used in the making of products in Illinois, have been halted on the East Coast...
...yards have so far built nothing greater than 109,000 d.w.t. but Bethlehem Steel and Newport News Shipbuilding & Dry Dock are gearing up to turn out tankers in the 200,000-d.w.t. class. Even those will seem small next to the foreign-built ships of the future. Japan's Nippon Kokan next month will open a dock that can accommodate an 800,000-tonner, and Belfast's Harland & Wolff is constructing a new facility that should be able to handle a million-d.w.t. vessel...
...imports are accounted for by West Germany's low-cost ($1,699) Volkswagen, whose continuing success suggests that the import phenomenon is attributable less to beauty than to size and price. With many foreign cars, of course, there is also the desire for prestige. Until now, the Big Three have been trying to fill the size and price specifications with their own foreign-built cars, notably Ford's English-made Cortina, Chrysler's made-in-France Simca, and G.M.'s German-made Opel, the next best-selling import after Volkswagen...