As we can see, the effect in China has been electrifying: manufacturing wages up five times in little over a decade.
FORBES: Apple And Foxconn Are The Best Thing That's Ever Happened To Chinese Labour
Slower growth in China and India has a knock-on effect in the rest of Asia, for which China in particular is an ever more important market.
Falling food prices have quickly had an effect on inflation in China, which fell to 4% in October from a peak of 8.7% in February.
Brands management, at its recent analyst day in New York, pegged the estimated effect of the avian flu scare in China at a 20% sales decline over the next six weeks.
There is, in other words, nothing mysterious about the effect that China is having on corporate strategy in the rest of East Asia.
America's Treasury says that because of the higher inflation rate in China, the yuan is in effect appreciating against the dollar by more than 10% a year.
The case is set to be a big test of China's new bankruptcy law, which came into effect in 2007 but has rarely been applied to overseas-listed companies with assets in China.
Mei said in the paper on Wednesday that her company applied for patent rights for Xiaoi in 2004 in China and the patent right went into effect in 2006.
The effect of an energy saving subsidy in China is also expected to stimulate demand for LED TV products.
China consists, in effect, of several economies with different wage levels.
And finally, by its willingness to accept their currencies, China is, in effect, telling Russia, UAE and Turkey that it trusts their handling of their respective economies, thereby building a long term economic relationship that is built on respect and trust.
The changes were issued by China's tax authority on Friday and took effect June 29, said Khoonming Ho, a partner in charge of tax for China and Hong Kong for KPMG.
In effect, you transfer the dollar account into a yuan account in the form of a Bank of China CD that will yield you next to nothing.
FORBES: Comes The Revolution; Buy Yuan In New York, As Much As You Like
The prospect of huge profits available to formula sellers in China has had a knock-on effect for retailers around the world.
Another reason is that the American Congress is about to vote on a proposal to grant China permanent normal trading relations, in effect approving its membership of the World Trade Organisation (see article).
That in effect eases monetary policy and is an overt signal from China that it wants its economy to grow and it will accept more commodity imports to achieve its better economic growth.
FORBES: Comex Gold Gets Boost From Coordinated Central Bank Move to Boost Liquidity
I'm wondering, in the week or so that those sanctions have been in effect, what's the earlier response been from countries like China, South Korea, Japan?
The effect will be to increase the dry-season flow in the Mekong mainstream from China to the Mekong delta.
By pegging to the dollar, it is, in effect, importing America's monetary policy, which is too loose for China's fast growing economy.
ECONOMIST: Why China resists foreign demands to revalue its currency
The integration of China and other emerging economies into the world trading system has, in effect, more than doubled the global labour force, and by curbing workers' bargaining power it has restrained pay demands in most developed economies in recent years.
ECONOMIST: Why China is not to blame for the surge in global inflation
The entry of China, India and the former Soviet Union into market capitalism has, in effect, doubled the world supply of workers, from 1.5 billion to 3 billion.
Also, stocks are owned by a much smaller portion of the population in China than the U.S., which means many fewer people feel the wealth effect of a rally.
Economists argue that one reason why India's economy can grow faster than that of China in the near future is simply on account of what statisticians describe as a "base effect".
It says it was warned by China's central bank that Alipay would not be allowed to operate if it was, in effect, partly foreign-owned.
"Since 2001, efficiency gains alone have not been nearly sufficient to compensate for the effect of heavy industrialization, " says a 2006 paper by the China Energy Group of the Lawrence Berkeley National Laboratory in California.
应用推荐