Edmund Phelps, who came second with six of 60 entries in a pool of economists run by the author of this article, has made many important contributions to micro- and macroeconomics.
The Nikkei article quotes the chairman of Hitachi, which has 103 group affiliates in China, employing some 60, 000 persons, as saying that the company is re-balancing its Asian production and is increasing the role of Thailand.