Last year, World Bank chief Bob Zoellick called for a return to the gold standard, while Chinese officials have been calling on the US to fix its finances so as to correct global imbalances.
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Foxconn is the trade name for Hon Hai Precision Industry, which has long been one of the standard bearers for the Chinese tech industry.
With inflation and increases in the standard of living comes the expectation that Chinese workers will someday become middle class and be able to buy the products they make.
Thanks, however, to Chinese imports that raise our standard of living, Americans are able to save and invest more of their earnings on the way to eventually having the means to buy from you.
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But if Wal-Mart either raises the quality of Chinese imports, or implements their standard return policy (or both), then South Africans will have much more value for the money they spend.
China Mobile, like all Chinese carriers, uses a unique technology standard (TD-SCDMA) for its 3G cellular network.
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But even without this pressure, Chinese officials had reason to question their choice of standard to which to peg their currency.
Observers believe the Chinese are hard at work developing a homegrown advanced standard, known as TD-SCDMA (time division synchronous cdma), and that 3G licenses will appear once TD-SCDMA is ready.
As the Chinese marketplace becomes more competitive, he sees a higher standard of tech innovation mattering more.
In the Chinese economy today, entrepreneurship is about producing, marketing and merchandising standard products invented and innovated elsewhere.
As wealthy Chinese and Russian tourists flock to the region, hotels are clamoring to offer the standard of service these guests have come to expect, in a language they understand.
Other Chinese chip makers, including InnoFidei and Telepath Technologies, are also developing products around the standard.
Chinese, through their actions, have made it very clear that they want more than just a higher standard of living and economic growth.
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