Word: gdp
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...life expectancy hovers around 40 years, is hardly alone. The World Bank calls China home to 16 of the 20 most polluted cities on earth, making the country's blighted environment a cautionary corollary to its economic success. Environmental degradation robs the nation of up to 12% of its GDP, according to the World Bank, and each year 300,000 Chinese die prematurely of respiratory ailments. "The rest of the world doesn't understand how big China's environmental problem is," says Sheri Liao, head of the Global Village of Beijing, an NGO dedicated to environmental education. "But they need...
...head into the E.U. Instead, Bern has crafted bilateral deals with Brussels governing trade and commerce. But does Swiss cherry-picking pay off? While economists forecast slow growth this year of a little over 1%, unemployment is 3.7%, well below rates across all 25 E.U. states. And Switzerland 's GDP per capita trumps its near neighbors', according to the O.E.C.D. For firms operating in the country, that's a sign of "stability in the workforce," says Matt Jackson, a Washington-based international corporate location specialist with Deloitte. Foreign firms agree. Steve McCracken, CEO of Ohio-based global packaging firm...
...Your story on China's shopaholic consumers highlighted an important phenomenon that is changing our country and the world [May 16]. But despite the economic benefits, I have reservations about this development. The new obsession with money, fashion and materialism may be good for business, GDP growth and China's international image. But when we drink Coke and wear Nike, we can't help but lose some of our cultural identity. Foreign companies don't care what happens to China; they just want to make a quick buck. It's up to Chinese people to be responsible consumers. Otherwise...
...China is not just managing Hong Kong's politics better. It has relaxed restrictions on its citizens to visit the territory, and granted Hong Kong businesses easier access to the mainland. These measures have helped buoy the city's economy: GDP was up 6% in the first quarter year-on-year, and unemployment is down to 5.9% from a historic peak of 8.8% in 2003. People are again indulging in Hong Kong's favorite pastimes: shopping, job-hopping and flipping flats. Consumer confidence has led to confidence in the government. Only 23.5% of those surveyed in a poll conducted...
...China is not just managing Hong Kong's politics better. It has relaxed restrictions on its citizens to visit the territory, and granted Hong Kong businesses easier access to the mainland. These measures have helped buoy the city's economy: GDP was up 6% in the first quarter year-on-year, and unemployment is down to 5.9% from a historic peak of 8.8% in 2003. People are again indulging in Hong Kong's favorite pastimes: shopping, job-hopping and flipping flats. Consumer confidence has led to confidence in the government. Only 23.5% of those surveyed in a poll conducted...