Word: xingdong
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...political leaders, in keeping with the dictum of former leader Deng Xiaoping that the Chinese should "disguise their ambitions and hide their claws." As a result, Chinese economic clout now outweighs its diplomatic leverage and soft power. "China has been reluctant to be put in the traditional order," says Xingdong Chen, the chief China economist for BNP Paribas Securities. "Now they are building a new order, and China needs to take part in the rule building. If China stays away, it won't be part of the international community...
...Outside official circles in China that sentiment is stated more bluntly. "The U.S. is definitely a dragger. It's not a pusher. It's not a puller," says Chen Xingdong, a Beijing-based China economist for BNP Paribas Securities. "The U.S. is not doing the right thing. It's not acting...
...manufacturers are facing increases in production costs they may no longer be able to absorb. The costs will be passed along to consumers worldwide, a situation that will be made worse by a strengthening Chinese currency. "Internationally, the price of imports from China will come up," says Chen Xingdong, chief China economist for BNP Paribas Securities. "The increase will be inevitable." There's evidence it's already happening. In May, the price of Chinese products imported by the U.S. registered a 0.1% year-on-year increase, the first such gain since the U.S. Department of Labor began tracking Chinese import...