The center of gravity of the global middle class is shifting to the emerging markets. By 2030, 5 billion people in the world will have entered the middle class. Two-thirds will live in Asia. Globally, they will spend $56 trillion each year.Read More
For the year through June, “Winter Soldier” ranks fourth in Chinese box-office; “Transformers” is first, the Buddhist-classic/action-flick “Monkey King” second (a Hong Kong production drawn from the 15th-century novel) and an “X-Men” installment third. A 2008 poll done by the Chicago Council on Global Affairs, for example, found 14 percent of Chinese viewing the influence of American popular culture as ‘very positive’ and 57 percent as mainly positive. A modest 19 percent thought the influence ‘mainly negative,’ and only 4 percent ‘very negative’ .Read More
The Generalized System of Preferences, known for short as “GSP,” expired on July 30th, 2013. A year of this unplanned experiment suggests results as follows: (a) smaller developing countries’ share of imports has fallen; (b) China’s share has grown, and (c) overall import trends are unchanged.Read More
Why rip wire out of a live generator? The direct answer is that stealing copper brings in a lot of money. More fundamentally, U.C.-Berkeley’s weird explosion last month can probably be traced back to global trends in commodity markets, and ultimately to the China boom.Read More
Since a threat of sanctions in 2010, Japan has bulked up scrap collection and recycling capacity, and the American rare-earth mine at Mountain Pass in California has gone back on-line. China’s share of rare-earth production, at 97 percent in 2010, was 85 percent in 2012, and may drop to 80 percent this yearRead More
THE NUMBERS: Display fireworks* imports, 2012 – Full-year: 7,614 tons May: 1,451 tons June: 1,774 tons * Display fireworks used by professionals at 4th of July events and other major shows. Imports of “home” fireworks such as sparklers, bottle-rockets, and Roman candles totaled 83,000 tons. WHAT THEY MEAN: Washington’s most intimidating domain-name – […]Read More
As this year’s last aspiring Double-E, the final ESOL enrollee, and the penultimate management trainee order their caps and gowns: 764,495 of America’s 19 million university students arrived at campus from abroad this year.
The total has grown by nearly 200,000 since 2007, and makes up about a quarter of the world’s 3 million overseas students.
The 2012 campaign’s China debate, with Governor Romney pledging to “crack down” over trade issues, repeats a familiar pattern: the out-of-power party runs against the relationship; the in-power party makes the best of an imperfect situation.Read More
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