China Economic ReviewWhen we launched the Red Dragon Fund three months ago as a barometer of China’s share markets, we had a feeling that a turnaround was in sight, and that China’s key share indices had finally seen and passed their mid-term low. That is probably still the case, but it is depressing to see the two blue-chip shares the Fund initially bought falling even as the market experiences a modest rebound.
Restrictions on mainlanders setting up and investing in offshore vehicles are expected to be relaxed by the end of the year under a new legal framework drafted by the central government, the South China Morning Post reported. The new rules proposed by the State Administration of Foreign Exchange (SAFE) allow individuals to register with local […]
China and the US failed to reach a comprehensive textile agreement in a third round of talks but US trade officials said negotiations will resume in October, Reuters reported. Progress was made concerning the range of products the quota would cover but not on issues such as the length of the pact or annual growth […]
Foreign direct investment (FDI) in China rose to a new high of US$61 billion in 2004 from US$54 billion in 2003, making it the world's third largest investment destination, according to a United Nations study. Only the US with an FDI of US$96 billion and the UK with US$78 billion recorded higher totals. But these […]
China is failing to effectively implement controls on the export of sensitive technology related to weapons of mass destruction, calling into question its commitment to non-proliferation, according to a new study by US research group the RAND Corp. The study observed that Beijing's response to the spread of nuclear and other weapons of mass destruction […]