The costs for shipping big, manufactured goods from China to the United States -- or high volumes of goods from Japan or Korea or Malaysia, or Indonesia to the United States is a lot cheaper now than it was.
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He won't touch Japan or South Korea, where the returns are only 2% on equity.
Years ago, audiences in Japan or South Korea would faithfully go to the multiplex to watch movies that were written, produced, and cast out of Hollywood.
"You have to think of it as like Japan or South Korea, " says Paul Bojarski, a French entrepreneur who runs an equipment-importing business in Beijing and is getting ready to invest in a ski area near there.
We started getting our clock cleaned when consumers decided they wanted a cleaner car and suddenly everybody was buying their cars from Japan, or now South Korea.
Mr. KLAUS FRIEDRICH (German Association of Industrial Equipment): We can see it in all volumes that the business of Asian companies - Korea or Japan and specifically in China - increased in the last year in the machinery sector.
Rising powers have always used the state to kick-start growth: think of Japan and South Korea in the 1950s or Germany in the 1870s or even the United States after the war of independence.
"You always have big rivalries like this with neighbours, take USA-Mexico, or Holland-Germany, Korea-Japan, " he said, as the team filed onto the team bus painted the colors of the Iranian flag.
Asia's big exporters, China, Japan and South Korea, are already investing in ice-capable vessels, or planning to do so.
All of the companies that appear on the list are from Europe, the United Kingdom, Japan or Canada, with the exception of Bermuda-based Tyco International and South Korea's Samsung and LG Electronics.
Mr Zhu has let it be known that he intends to stick to his plan to visit Japan immediately before or after an Asia-Europe meeting due to be held in South Korea in October.
Ambitious plans are being aired to build new railways not just to nearby China, but into Russia or eastern Mongolia as well, whence there would be access to the markets of South Korea and Japan.
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