From the New York Times (link) The stock market in the United States has performed very well since the fall of 2002, when the sell-off started by the bursting of the Internet bubble and accelerated by Sept. 11 and the 2001 recession finally came to an end. Since then, the Standard & Poor’s 500-stock index […]
Read MoreFrom the New York Times (link) The United States has nothing to fear from the rise of China as a low-cost manufacturing power and should concentrate on further growth in high-value industries, Commerce Secretary Carlos Gutierrez said Friday. At a time of mounting friction over a $202 billion trade deficit with China, Mr. Gutierrez said […]
Read MoreFrom Times Online (link) Toyota is planning to extend its dominance of the world car market with a range of low-cost vehicles aimed at emerging markets such as China, India and Brazil. Tokuichi Uranishi, the head of Toyota’s operations outside Japan, told The Sunday Times that the company had initiated a “serious project” on low-cost […]
Read MoreFrom the Financial Times (link) China responded cautiously yesterday to an unprecedented joint World Trade Organisation challenge to its car tariffs by the US and Europe, saying only that it “regretted” the move and was deciding how to respond. The timing of the challenge, however, just before the first state visit to Washington by Hu […]
Read MoreFrom the Financial Times (link) China’s only foreign-controlled bank on Thursday confirmed the arrest of its former chairman and communist party secretary for alleged financial offences, highlighting some of the unique risks faced by overseas investors in the sector. According to a statement prepared by Shenzhen Development Bank, Zhou Lin and three other of its […]
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