Category: Economics & Trade

A xenophobic Congress sets its sights short, says Ian Williams.

The impact of a stronger yuan remains to be seen as China’s July trade surplus surged fivefold to US$10.4bn from US$1.97bn a year ago-the second highest monthly figure on record. Exports were helped by strong global demand for Chinese-made steel, cell phones and apparel, while tighter credit curbed import demand.

A guest contributor says South Korea needs to cool its China fever.

China chalks up another foreign acquisition in its bid to sharpen its competitiveness and access world markets. Nanjing Auto was the surprise winner in the battle for the remains of MG Rover, Britain’s last independent automaker, as the state-owned firm edged out a bid by Shanghai Automotive Industry Group with its US$87m offer.

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.