Word: slowdowns
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...late paramount leader Deng Xiaoping once admonished his countrymen to "disguise their ambitions and hide their claws." It was useful advice for a country trying to pull itself out of decades of war and chaos. But now China's booming economy and resilience in the face of the global slowdown have left it in a prime position. It holds nearly $800 billion in U.S. Treasuries, making it Washington's biggest creditor. But Beijing is still not confident in acting on the world stage for any interest besides its own. A recent survey of Chinese élites by Pacific Forum CSIS...
...products at home that were partly or entirely made in China. As a result, the trade relationship with China has become far more ingrained in the economic fabric of the U.S. than that with Japan ever was. Some evidence: in the first nine months of 2009, the global economic slowdown cut the U.S. deficit with Japan 47% compared with the first nine months of 2008. The deficit with China dropped just...
...face value, but says the "burst in economic activity has been inflated by a front-loaded stimulus package and a surge in credit growth," two drivers that will run out of steam in 2010. "The chances of a hard landing are increasing," the report warns. "The coming slowdown in China has the potential to be a similar watershed even for world markets as the reversal of the U.S. subprime and housing boom...
...involvement in residential real-estate development in Allston should continue. The university currently owns a few hundred acres of land in Allston, some of which has been occupied by local businesses but much of which is vacant or part of uncompleted construction projects. The consequences of a construction slowdown at the science complex provide justification and incentive for Harvard to be more proactive about community building projects in Allston. In moving forward, the university should initiate development in ways that promote the intersection of Allston’s interests and its own interests. However the university proceeds, it should keep...
Donovan, who served as Commissioner of the New York City Department of Housing Preservation and Development beginning in 2004, was appointed by President Barack Obama to lead HUD through a severe housing crisis that has contributed to the worst economic slowdown since the Great Depression...