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World News from China (Big Business) Part IX #979884

ABC Evening News for Wednesday, Nov 17, 2010
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(Beijing: Diane Sawyer) Statistics on the emerging middle class in China cited. A look at big business presented; scenes shown of Chinese Mary Kay cosmetics staff, a new McDonald's and a tiny electric car; details given about jobs and GM cars made by Chinese workers for Chinese first-time buyers. [Mary Kay CEO David HOLL†- says Asians want to look white.] [McDonald's Asia, Pacific, Middle East and Africa president Tim FENTON†- says you need patience, persistence and pockets in China; comments on learning the business.]

(Beijing: David Muir) The questions about American companies selling goods in China and jobs created back home examined; job statistics cited; details given about companies doing business here and the impact of low currency; scenes shown from a solar factory. [Moody's economist Mark ZANDI†, "China, Inc." author Ted FISHMAN†- talk about Chinese control of its currency and jobs in the US.] [Yingli Solar Bryan LI†- talks about the average salary in China.] ["Hot, Flat and Crowded" author Tom FRIEDMAN†- says China is guilty of theft of intellectual property.] What it would take to level the US-China trade playing field discussed.

Sawyer, Diane;
Muir, David

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