China Etc

choi

There is no need to read the rest in any of the reports below.

(1) Alex Frangos, How to Make a Spectacle of Yourself in Frames With No Glass in Them; Hong Kong eyewear fad is clearly crazy for some; 'I'm deeply confused.' Wall Street Journal, Nov 18, 2011.

The first two paragraphs:

"Most people wear glasses to see. This city's hip young crowd wears them to be seen.

"That's clear when you look closely at the people crowding Hong Kong's busy shopping streets. In my cases, the glasses has no glass. The plastic frames, usually in black, tortoiseshell or bright colors, are empty.

Note: spectacle (n; Latin spectare to watch, frequentative of specere to look):
"1a : something exhibited to view as unusual, notable, or entertaining; especially : an eye-catching or dramatic public display
b : an object of curiosity or contempt <made a spectacle of herself>
2 plural : GLASSES"
www.m-w.com

(2) John Bussey, CEOs Get Warnings About 2012. Wall Street Journal, Nov 18, 2011.

The portion about China, comprising four consecutive paragraphs:

"And though there wa beneficence from some CEOs toward China, the message for business here, too, wasn't a good one.

"'I strongly agree with the sentiment expressed that the Chinese government is going backwards, that they are reverting back to more central control of the economy,' Fred Smith, CEO of FedEx, told the group. 'It's become more difficult to operate there by a large margin, and I would say almost every one of the US companies that operate in China would agree with what I said.'

"In private, they did. The group would hear from senior [American] officials about a range of national issues [in US]. But it was China, one of the main themes of the conference, that threaded through the proceedings and appeared top of mind for the CEOs. Indeed, the executives were asked what books they read recently, and the No 1 pick was Henry Kissinger's 'On China.'

"When they weren't talking China, the chief executives got commiseration from Eric Cantor, R, Va, on taxes.

Note: beneficent (adj): "doing or producing good; especially : performing acts of kindness and charity"

(3) James T Areddy, Wind Farm Will Use GE Turbines; As Mongolia deal is unveiled, company says it expects in low teens for emerging markets. Wall Street Journal, Nov 18, 2011.

Quote:

(a) "SHANGHAI--General Electric  Co is sticking to expectations that its revenue revenue from the world's fastest-expanding economies, including many in Asia, will grow at low-double-digit rates on average next year despite economic clouds over western Europe and the US.

(b) Three consecutive paragraphs:

GE vice chairman John "Rice said China remains on track to beat GE's global revenue-growth averages. He cited energy,health and aviation as 'three businesses that do extremely well in China.' He also spoke about resource-rich Mongolia, a fast-growing North Asian economy that he said could soon generate as much as $100 million in revenue for the Fairfield, Conn, conglomerate.

"According to Fitch Ratings, US corporate confidence in Chia is holding up despite the firm's [Fitch's] estimate that the country's gross-domstic-product growth could slide to as low as 7% in 2012. Basing its findings partly on third-quarter conference calls hosted by US executives, Fitch said in a report published Thursday that it detected less concern about China than it did when the global economy stumbled in late 2008.

"Ge's Mr Rice spoke at a teleconference with reporters from the Mongolian capital of Ulaanbaatar where he announced 'a strategic move' into the country with a deal to supply 31 huge turbines to a wind-farm project. The $100 million Salkhit Wind Farm. 70 kilometers southeast of the capital and due to open in mid-2012, is owned by Newcom LLC, a Mongolian investment company that also runs a cellular network and an airline.

(4) Laurie Burkitt, Coach Is Hitching Wagon to China. Wall Street Journal, Nov 18, 2011
(US handbag maker is pushing for China to become its No 1 market in the next three years. * * * New York-based Coach said it is on track to reach to reach $300 million in sales in China by the end of this year")