From the Associated Press via BusinessWeek (link) Japan’s direct investment in China rose 19.8 percent to a record US$6.53 billion last year despite anti-Japanese demonstrations in China last April, a Japanese trade group said Monday. Direct investment from Japan in 2005 — excluding banking, securities and insurance sectors — surpassed the previous record of US$5.45 […]
Read MoreFrom Bloomberg (link) The European Commission backed China’s policy of switching to a more flexible exchange-rate system at its own pace, rebuffing U.S. calls for faster steps to boost the yuan, according to a confidential document. The commission, the European Union’s Brussels-based economic watchdog, warned that sudden moves to strengthen the Chinese yuan as demanded […]
Read MoreFrom the Financial Times (link) Hong Kong’s ranking as a desirable place to live for expatriate employees has fallen sharply as a result of worsening air pollution, according to the latest survey of the world’s cities from ECA International, which sells advice to employers on living conditions and hardship allowances. For Asian expatriates, Hong Kong […]
Read MoreFrom the Financial Times (link) China said on Sunday it would respect international safeguards surrounding the sale of uranium from Australia but called for a pricing mechanism to guarantee a stable supply of the nuclear fuel. The statements by Wen Jiabao, Chinese prime minister, came ahead of an agreement between China and Australia over uranium […]
Read MoreFrom the Asia Times (link) The top trade union organization in China plans to unionize 60% of foreign companies by the end of this year, a senior union official said March 30. Sun Chunlan, vice-chairwoman of the government-controlled All-China Federation of Trade Unions, set the goal for local union leaders at a two-day working conference […]
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