From New Economist: I warned of this back in February (see From ‘bra wars’ to ‘shoe wars’) and now it seems increasingly likely: a ‘shoe war’ with China and Vietnam. Clearly, the European Commisison has learned nothing from last year’s bra wars debacle. Helena Spongenberg of the EU Observer website reports Brussels pushes ahead on […]
Read MoreFrom The Wall Street Journal: China revised upward the value of the country’s economic output and its economic growth for 2005, adding weight to Beijing’s recent warnings about economic imbalances. Gross domestic product grew 10.2% last year from a year earlier, higher than the originally estimated rate of 9.9%, the National Bureau of Statistics said. […]
Read MoreFrom The Wall Street Journal: China’s government has been throwing up some new hurdles for foreign investors in recent months, including increased scrutiny of foreign-backed mergers and proposed restrictions in areas from banking to retailing to manufacturing. It’s not a wave of popular anti-foreign sentiment, of the kind that was on display, for example, after […]
Read MoreFrom The Wall Street Journal: China’s central bank plans to tighten monetary policy next month as it struggles to prevent the economy from overheating, but this time it will target foreign-currency deposits, according to an internal document issued by the People’s Bank of China. According to the document, seen by Dow Jones Newswires, the central […]
Read MoreFrom Bloomberg: U.S. Trade Representative Susan Schwab said a law proposed by senators to restrict Chinese imports may not be the “silver bullet” that will save American jobs and narrow the nation’s trade deficit. “I don’t think that legislation would necessarily create a single job or add one more dollar to U.S. exports,” Schwab said […]
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