Category: Economics & Trade

In a US court hearing over whether former Microsoft executive Kai-Fu Lee should be allowed to take a job at Google following his employment at Microsoft, Lee testified that the software giant mismanaged much of its operations in China in recent years, with misguided moves that included threatening and insulting the Chinese government, the Seattle […]

With Brazil's trade surplus with China being eroded by more than half this year by Chinese imports, Brazilian President Luiz Inacio Lula da Silva has authorized the country's trade ministry to investigate whether Brazilian industries have been damaged by alleged unfair competition from China, The AP reported. Once the investigation is completed, the trade ministry […]

As US Treasury Secretary John Snow and Fed chief Alan Greenspan are travelling to China for meetings with top Chinese officials on October 14, Snow told the Senate Finance Committee yesterday that he would ask China for more currency flexibility. Chinese officials have said China would allow the yuan to appreciate further, but insisted on […]

As China Mobile, the world's largest cellphone company by number of users, has provisionally agreed to buy 66.5% of China Resources Peoples Telephone in Hong Kong for US$290 million, it is also considering the purchase of a controlling stake in SmarTone Telecommunications Holdings, according to media reports. A successful purchase of Peoples Telephone, the fifth-biggest […]

The Bush administration said Wednesday it has accepted petitions from the US textile industry to investigate whether quotas should be imposed on 21 categories of Chinese-imported clothing and textile, The AP reported. The decision further intensifies a trade row between China and the US, which could ultimately pressure China to settle the dispute through a […]