The plan gives China's biggest domestic carmaker a foothold in the second-fastest-growing car market in the world (after China itself), and helps cash-strapped GM mount a more vigorous push into India, where it has struggled for years to reach its target of 10% market share.
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Even as the planet has faced an unprecedented global economic crisis and recession, India weathered the worldwide trend and remained the second fastest growing major economy in the world after China - at a time when most countries suffered negative growth rates in at least one quarter in the last four years.
Earlier this month, the two biggest telecommunications companies in the world - Vodafone and China Mobile - created a consortium to bid for mobile licences in Burma.
Even though many analysts agree that the dollar won't be replaced in the short run, it is a notion that has been raised by other nations such as Russia and more recently Brazil, the fifth largest country in the world-after Russia, Canada, China and the United States and the third largest in the Americas.
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It will probably not remain the biggest economy in the world - some predict China will overtake it in three years' time.
Mr. Wang also declined to offer specifics on Mr. Buffett's appearance, including whether it would also appear on the Spring Festival television special, a four- to five-hour series of songs and skits produced by the state broadcaster that is watched by 700 million people in China and might be the world's most-viewed TV show.
The company would have 9, 000 employees and would have locations in about 20 countries around the world, including China, India, all major English-speaking countries and many countries in the Spanish-speaking world.
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"A further slowdown in China would affect commodity exporters in the region particularly strongly, since, with the exception of Timor-Leste, China is their major trade-partner in commodities, " the World Bank said in its latest report on the region.
During the second quarter, Lenovo grew its number-one position in China, the world's largest PC market, to a leading market share of 34 percent, up 2.4 points year-over-year.
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There are some signs of hope: demand is falling in the rich world and slowing in fast-growing parts of the developing world, such as China and the Middle East.
The Champions event takes place in China from 4-7 November while the Dubai World Championship starting on 25 November ends the 2010 season.
The problems contrast sharply with the success in China of more low-key conglomerates such as New World Development and Cheung Kong.
From the Great Wall in China to the World War II battles of Iwo Jima, a cruise-led history lesson can span thousands of years.
By 2050, the employed community in the developing world, not including China with its one-child policy, is projected to increase by 50 percent.
It was as if two-thirds of the world's cars today were made in China and two-thirds of all their engines were produced in Detroit.
The most aged country in the world right now is Japan, and China and South Korea are the quickest-aging nations.
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Defending champion Sharapova rallied from 4-1 down in the second set against Zheng Jie to beat China's world No. 43 6-1 7-5 despite making 34 unforced errors in a match featuring 11 breaks of serve.
The rebound was sparked by a flood of gold-bullion and jewelry purchases in India and China, the world's two largest gold consumers.
In January, China imposed one of the most far-reaching labour laws in the world.
Long-time resident Luise Schafer was one of the first foreigners to move to Shanghai after China re-established ties with the rest of the world in the late 1970s.
Behind the United States, China and Japan operate the second- and third-largest economies in the world, respectively.
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The generals have excluded the world as much as it has shunned them, and have found in China, India and South-East Asia neighbours who are more than ready to deal with them.
The World Bank projects that China has the potential to grow at 8.6 percent in 2011-2015, 7 percent in 2016-2020, 5.9 percent in 2021-2025, and 5 percent in 2026-2030.
For months it has been rumored that Disney wanted its second theme park in Asia - after Tokyo's - and its fifth in the world to be located in China.
The influx of foreign competition in China, particularly in manufacturing and electronics, has provided the locals with tough, world-class training.
The world has marveled at the derring-do of rescuers in the wake of southwestern China's killer earthquake and been heartened by the degree of official willingness to let outsiders share in the national grief.
In China and other parts of the world Daewoo-designed cars are sold under several names: Daewoo, Buick, Chevrolet and Suzuki.
In green transportation news, China unveiled the world's longest high-speed rail line this week.
China is now the largest manufacturer in the world -- used to be the United States of America.
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