From Financial Times: The Nasdaq Stock Market said on Tuesday it will launch an index designed to track the performance of the largest Chinese companies whose securities are actively traded in the US. Nasdaq said it will introduce the index during the second quarter this year with an initial 30 companies with a combined market […]
Read MoreFrom The Wall Street Journal: Authorities in the southern Chinese city of Guangzhou say they soon will conclude an investigation into employee-pay practices at Yum Brands Inc. and McDonald’s Corp., in a case that highlights the ambiguities of China’s thicket of overlapping and sometimes confusing labor regulations. The issue in Guangzhou, one of China’s biggest […]
Read MoreFrom Reuters via CNN: China should learn from Europe’s mistakes and promote innovation and entrepreneurship to avoid slipping into economic stagnation in the longer term, Edmund Phelps, the 2006 Nobel laureate for economics, said Tuesday. Years of nearly double-digit growth have turned China into the world’s fourth-largest economy, but questions abound for how long the […]
Read MoreFrom AP: The Bush administration, facing heavy pressure to deal with soaring trade deficits, is considering imposing economic sanctions on China in a dispute over government subsidies. If the administration decides to take action, it would open up a new area in which American companies being battered by a flood of Chinese imports could seek […]
Read MoreFrom BBC News: A Chinese newspaper has accused a state-owned company of trying to cover up an accident in a Beijing subway tunnel which left six workers missing. The Beijing Times said the company had waited eight hours before officially reporting Wednesday’s accident while it carried out its own rescue operations. It also accused the […]
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