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Bloomberg BusinessWeek, July 16, 2018 (I)

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发表于 7-19-2018 12:30:11 | 只看该作者 回帖奖励 |倒序浏览 |阅读模式
(1) Marc Champion, Brother from Another Motherland.

Note:
(a) summary underneath the title in print: The EU and NATO beware! Years before Trump became president, he and Putin were already simpatico.
(b) This essay is labeled with Remarks -- the first article of each issue.
(c) simpatico (adj; First Known Use: 1864)
https://www.merriam-webster.com/dictionary/simpatico
(Did You Know?: "In those languages [Italian and Spanish, from which English borrowed the word], the word has been chiefly used to describe people who are well-liked or easy to get along with; early uses of the word in English reflected this * * * In those languages, the word has been chiefly used to describe people who are well-liked or easy to get along with; early uses of the word in English reflected this")
(d) There is no need to read the rest. My goal is to introduce the word simpatico to you, which I have not seen before.

(2) Bruce Einhorn with Enda Curran and Rachel Chang, A Trade War's Collateral Damage for China.
https://www.bloomberg.com/news/a ... n-a-trump-trade-war

the first two paragraphs:

"In a fight with China, ending up on the wrong side of the country's consumers or bureaucrats can be very costly. Consider the case of Lotte Group, the South Korean retail-and-food conglomerate that was a target last year in China's fierce Campaign against a Korea-based missile defense system. Inspired by harsh coverage in the state-controlled media, Chinese consumers boycotted Lotte and other Korean brands. Some Chinese stores emptied their shelves of Lotte products. Regulators cited alleged safety violations to shut most of Lotte's 99 Chinese hypermarkets as well as a joint venture with Hershey Co. Revenue at Lotte Shopping Co plunged 25 percent in 2017, and the company logged its first loss in its 16 years as a public company. Lotte this spring agreed to sell its money-losing superstores in northern and eastern China.

"China's patriotic consumers and obedient bureaucrats could again prove valuable weapons in the trade war with the US that erupted on July 6. But deploying the strategy used against South Korea and other countries risks collateral damage at home: The China operations of all-American brands including Coca-Cola Co and Walt Disney Co are co-owned by state-backed Chinese companies.

Note:
(a) summary underneath the title in print: Beijing's actions against American brands could hurt their mainland partners, too
(b) The online version is very different from print. Quotations above are from print.
(c) What draws my attention is the statics in the margin of this print article:

"Share of Chinese automakers' total profits from joint ventures with American companies
Changan Automobile[;] Ford JV 85%
SAIC Motor[:] GM JV 30%
Guangzhou Automobile[:] Fiat Chrysler JV 10%

(d) There is no need to read the rest, which does not interest me.
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