An annual survey by the American Chamber of Commerce in China says unfettered piracy of US products in China is undermining US firms' global operations, and some are slowing down in China as a result, The Wall Street Journal reported on Friday. Fake medicine, fake auto parts and fake computer software is making its way […]
Category: Economics & Trade
Surging exports to the US and EU will more than quadruple China's trade surplus to about US$140 billion this year, according to a US manufacturing group. As a result of this new analysis, earlier estimates that China's yuan is undervalued by 25-30% will now "have to be raised substantially," said the Manufacturers Alliance, which represents […]
The US has restricted imports of Chinese made bras and synthetic fabric for high-end clothing after US-China textile talks failed Wednesday, The Standard of Hong Kong reported. The move is intended to increase pressure on Beijing to compromise in talks to reduce the surge in Chinese textile exports to the US. After three days of […]
The head of Carlyle Group’s Asia Growth Capital says while the returns in China don’t completely justify the high risks, the odds have improved and the rewards are coming.
In anticipation of the full opening of China’s banking industry next year, foreign interests made a beeline for stakes in the Bank of China, the country’s top forex lender.