Chan Koonchung, a Chinese author, on conspiracy allegations surrounding Huang Nubo’s bid for a slice of Iceland: “Not everything’s that well planned. It may sound like a big conspiracy but probably it’s not. [Chinese overseas projects are] mostly about economic interests.” Source: The New York Times
Category: Investment
The new US ambassador to China warned on Tuesday that Beijing’s refusal to open important sectors of its economy to foreign investment is causing increasing resentment in the US, where some legislators are calling for a tougher line against China, the New York Times reported. A raft of obstacles to foreign corporations are “planting seeds […]
China’s securities regulator has asked senior government officials to begin cracking down on a controversial corporate structure used by companies like Sina (SINA.NASDAQ) and Baidu (BIDU.NASDAQ) to list overseas, Reuters reported, quoting lawyers at four different firms in China and Hong Kong. The notice, sent by the China Securities Regulatory Commission (CSRC), asked China’s State […]
Foreign direct investment (FDI) in China rose 11.1% year-on-year in August, following a 19.8% expansion in July, Bloomberg reported. According to a statement by the Ministry of Commerce released on its website Thursday, net FDI totaled US$8.45 billion last month. For the first eight months of 2011, inbound flows rose 17.7% to US$77.63 billion. Foreign […]
Keep the short times rollin’ As journalists, we would like to begin this post by expressing our gratitude to the horde of crooked Chinese managers who continue to generate headlines. Months ago we said that the drama of sordid scams and unscrupulous auditors emerging from Chinese companies listed on foreign exchanges would wind down soon. […]