Word: shenzhen
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Dates: during 2000-2009
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...Surprisingly, it is provincial cities like Xi'an that are leading this transition. In China's heartland, you won't find many factories churning out cheap toys or clothing for overseas markets, the kind of industrial activity that underpinned China's economic miracle and made Shanghai and Shenzhen wealthy. Total international trade represents a mere 18% of Xi'an's GDP, compared with 160% in Shanghai. Xi'an is being built instead on the burgeoning spending power of its own consumers, and on the expansion of Chinese companies churning out products for Chinese. "The domestic market will be the leading...
...precipitously in China's coastal cities, Chinese companies based there are investing in operations in less-developed Xi'an to capitalize on its lower costs and tap a cheaper labor market. About 70% of Xi'an's domestic investment comes from the southeast coast. For example, in late 2008 Shenzhen-based cell-phone maker ZTE announced it would invest $880 million in manufacturing and research facilities in Xi'an that will ultimately employ 26,000 people. Hybrid-car maker BYD, also headquartered in Shenzhen, has turned Xi'an into one of its main manufacturing centers, with almost...
...this point, Cepia is just trying to keep up with demand. Hornsby is currently in China overseeing an expansion of the company's production capacity. Over the past few months, Cepia has opened three new factories in the Shenzhen area, which now gives the company four facilities. Not that the supply shortages necessarily hurt the brand. "Zhu Zhu Pets have crossed that tipping point, where scarcity is part of the appeal of the product," says McGowan, who predicts the pets will rack up $70 million in sales by year's end. "Getting it gives you some extra social standing. 'Yeah...
...streets of Guangzhou and nearby Shenzhen, Mark Okoth Obama Ndesandjo is turning heads. Since holding a press conference for his semiautobiographical Nairobi to Shenzhen: A Novel of Love in the East on Nov. 4, Ndesandjo, a half brother of U.S. President Barack Obama, has appeared on television in Hong Kong, and his picture has been splashed on the front pages of China Daily, the South China Morning Post and other regional newspapers...
...9/11, he was laid off from his marketing job at telecommunications-equipment maker Nortel Networks in Atlanta. He decided to reinvent himself by moving to China, a country he had visited with classmates while at Emory. Since 2002, he has taught English and worked as a business consultant in Shenzhen, a 14 million-strong metropolis in southern China, just across the border from Hong Kong. (See pictures of Barack Obama in Asia...