China Economic ReviewBP Chief Executive John Browne was coy at a press conference last month when questioned on reports that the company was seeking a stake in Sinopec, but this hasn’t stopped BP in its relentless pursuit of a slice of the lucrative Chinese fuel market.
The president of the American Chamber of Commerce in Hong Kong talks trade, textiles and why the SAR won’t be overrun by the Mainland’s march to prosperity.
Yahoo has been making waves recently, not the least because of a new vision harbored by the high-profile Jack Ma, who presides over Alibaba, the operator of Yahoo’s China site. Ma announced the portal’s new strategy would focus on search, committing Yahoo to a new business model and pursuing a Chinese search market that by Piper Jaffray estimates is worth US$134 million today and US$1 billion in ve years.
The sterile hard landing/soft landing debate about the Chinese economy has been superseded by yet another lurch in another direction. Yes, the Chinese economy is taking off again.
Rong Yiren, China’s former vice-president and famed "red capitalist", died in Beijing in late October the age of 89.