As China rises from poverty, its people, too, will seek more material comforts.
Chinese workers seem willing to change jobs for a slight increase in pay in order to stay above inflation as the cost of living in coastal China rises.
As demand rises in China and protein consumption rises even faster, this requires the intensive growing of grains for both foods and for renewable energy.
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But I actually think in terms of a strategic outlook, it remains the same -- which is both of our nations deeply engaged with China as it rises and we want to see China rise into the global rules-based order.
But while U.S. usage has remained flat, China's oil consumption rises about 5% per year.
Credit tightening in China is already happening and interest rate rises may soon be on the way.
As China builds its inventories and global production rises from heavyweights like Vale, Rio Tinto and BHP Billiton, we expect average prices for iron ore to drop off in the coming years.
If the yuan rises, they will stay in China and simply pass on the higher costs of production to their U.S. customers because they must stay there.
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Last summer, China Film opened several similar movies, including "The Dark Knight Rises" and "The Amazing Spider-Man, " on the same dates.
At home in China, Mr. Ma is trying to stay ahead of the game as competition rises for the first time against his massive online shopping sites, Taobao Marketplace and Taobao Mall, which rival eBay.com in terms of transaction value.
There are no high-rises out here and the roads are narrow and winding with glimpses of the South China Sea at every other turn.
"Price rises will ease, but will not head south, " said Jianguang Shen, chief China economist with Mizuho Securities Asia.
This implies that it is natural for China's exchange rate to be below its PPP, but as it gets richer and productivity rises, its real exchange rate should rise.
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