No hard feelings over Norman protest - Chinese VP
Chinese Vice President Xi Jinping was quick to thank New Zealand last night for its hospitality on his visit last month and said he had put the protest by Green Party co-leader Russel Norman behind him. To read the full article, click here
The rise of China’s state-backed banks is stunning. But ...
THERE is no more potent symbol of the relative decline of Western finance than the revolution in Chinese banking over the past decade. While American and European banks have been busy blowing up, China’s have been transformed from communist bureaucracies crippled by bad debts into something resembling world beaters....
Chinese dairy bidder's application finally in
The Chinese backed bid to buy up 16 Crafar family farms in receivership has been lodged with the Overseas Investment Office. For the full story, click here
Immelt blasts China
THIS week's plain-speaking prize goes to Jeff Immelt, the boss of General Electric. He argued that China is increasingly hostile to foreign multinationals; he also gave warning that his company, the world's biggest manufacturer, is actively looking for better prospects in other emerging markets. "They don't all want...
Chinese companies 'rent' white foreigners
For a day, a weekend, a week, up to even a month or two, Chinese companies are willing to pay high prices for fair-faced foreigners to join them as fake employees or business partners. For the full story, click here
China meat giant signs deal with NZ firms
China's second-largest meat processor Kerchin Cattle has signed a multi-million dollar deal with two New Zealand companies. For the full story, click here
The long and obscure arm of the law
CHINA's criminal justice machine moves relentlessly and predictably. It thus come as no surprise to people who had followed the case that that Xue Feng (pictured above), an American geologist, was convicted on July 5th and sentenced to an eight-year prison term on charges of illegally obtaining state secrets related to the...
No cheap labor? China increases minimum wages
At least 18 provinces, including big cities like Beijing and Shenzhen, have increased the minimum wage by an average of 20 percent from Thursday as officials hint cheap labor may no longer be considered China’s sole competitive edge. For the full story, click here
Exchange rate hits a 5-year record
Beijing - China's central bank set the yuan's reference central parity rate on Friday to its highest level against the dollar since 2005's revaluation, despite growing concerns about the economic slow-down in China and the rest of the world. For the full story, click here
China's foreign debt exceeds $443 billion
BEIJING -- China's foreign debt stood well over US$443.2 billion at the end of March, the State Administration of Foreign Exchange (SAFE) said in a statement on its website Friday. The figure excluded the Hong Kong Special Administrative Region (HKSAR), Macao SAR and Taiwan. For the full story, click here
China 2009 GDP growth revised up to 9.1%
China's economic growth accelerated to 8.7 percent year-on-year in 2009, achieving the full-year growth target of 8 percent and totaling 33.54 trillion yuan ($4.91 trillion), the National Bureau of Statistics (NBS) said Thursday. For the full story, click here
A different kind of free-trade protest
CHANTING their opposition to unification with China and blasting air horns, tens of thousands of Taiwanese massed outside Taipei’s Presidential Office on Saturday, June 26th, to protest an outline free-trade pact. The Economic Co-operation Framework Agreement (ECFA) will comprise the most significant cross-strait...
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