From BBC: The wife of Taiwan’s embattled president has fainted during her court appearance in Taipei, where she is on trial for embezzlement and forgery. Wu Shu-chen, who has used a wheelchair since she was hit by a truck in an apparent attempt to kill her in 1985, was taken to hospital after collapsing. The […]
Read MoreFrom AP via Business Week: China has agreed to allow the Nasdaq Stock Market and the New York Stock Exchange to open formal business offices in China, Finance Minister Jin Renqing announced Friday. Jin did not give a timetable for opening the offices or any other details. The announcement came after two days of high-level […]
Read MoreFrom The Washington Post: China today declined to make any firm commitments regarding changes to its exchange rate, despite continuous pressure from U.S. officials over two days of high-level strategic economic talks. Chinese officials did say they would look into possible reforms. But the first U.S.-China strategic economic dialogue, which included at least six Cabinet […]
Read MoreFrom The Wall Street Journal: Influence of Vice Premier Wu, A Well-Regarded Negotiator, Is Critical for a U.S. Deal It doesn’t matter if it’s a deadly virus, a wave of pirated DVDs or a shortage of plumbers: If there’s a problem, Chinese politicians and foreign businesspeople turn to Wu Yi. The 68-year-old vice premier is […]
Read MoreFrom International Herald Tribune: Riding an incredible wave of investor optimism, the main Chinese stock index jumped Thursday to close at 2,249.11 points, breaking a 2001 record. The run-up adds to a powerful rally in which Chinese stock prices nearly doubled in 2006, ending an ugly and debilitating four-year bear market in stock prices here. […]
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