Europe’s Debt Crisis Takes Toll in China

choi

(1) Keith B Richburg, Europe’s Debt Crisis Takes Toll in China. Washington Post, Nov 23, 2011.
http://www.washingtonpost.com/wo ... QAGh1ToN_story.html

Quote:

"Beijing’s leadership has said there will be no new stimulus this time.

"Ma Jun, the sales manager of a toy factory in Dongguan, said his factory has already made the transformation to greater dependence on the domestic market. The factory used to export most of its stuffed toys to Europe, but there were constant fluctuations in the exchange rate, and the 2008 recession brought a sharp drop-off in demand. Now, he said, said some 60 to 70 percent of the toys they sell are for the domestic Chinese market, with only 30 to 40 percent going to Europe. But the shift came only after the factory downsized its workforce from 600 to 100, expanded its design team, registered its trademarks in China and worked to build a domestic market. Also, profits are about a tenth of what they were before.

(2) Multinationals Rush to Court China’s Consumers. Washington Post, Aug 22, 2011 (slide show).
http://www.washingtonpost.com/bu ... allery.html#photo=1
(caption of photo 5: "Profits at KFC-owned Yum Brands jumped 10 percent in the second quarter of 2011 thanks to a rise in sales in China. Yum is the largest Western fast food company in China with 4,000 outlets.")

My comment:
(a) I am clueless about why the search engine of the newspaper's web site turns up this gallery three months later.
(b) Photo 2 alludes to

US Companies Target Chinese Consumers. NPR, June 16, 2011
http://www.npr.org/2011/06/16/13 ... t-chinese-consumers
(interview with James McGregor)
(c) Chocolate Wonderland  世界 巧克力梦公园
http://www.chocolatewonderland.com.cn/
("年底落户上海浦东喜玛拉雅中心")

(3) Hugo Martin, LA on Course to Host Record Number of Visitors. Los Angeles Times, Nov 23, 2011.
http://www.latimes.com/business/ ... ntion-boom-20111123,0,3214778.story

Two consecutive paragraphs:

"Los Angeles benefited from being the West Coast's largest international gateway city. Nearly 2 million overseas passengers — particularly visitors from Australia, China, South Korea and the United Kingdom — flew into Los Angeles International Airport in the first eight months of the year, a 16% increase over the same period last year.

"The biggest increase in overseas visitors has come from Australia and China, a trend that Liberman attributes to burgeoning economies in those countries. To accommodate Chinese visitors, LAX now offers six daily nonstop flights to China, compared with only three daily flights last year.

(4) 英媒：北京太太学院教女性做贤妻. BBC CHinese, Nov 23, 2011.
http://www.bbc.co.uk/zhongwen/si ... ina_good_wife.shtml

Note: 太太学院 was established on Nov 12, 2011 (two weeks ago), which has no web site or English name.