From The Wall Street Journal: The thick smog hanging over Hong Kong is threatening more than the views of its famous setting: Air pollution is making the city less attractive to foreign investors and is driving some executives out, according to a new survey by the American Chamber of Commerce in Hong Kong. The study, […]
Read MoreFrom RGE Monitor: According to Market News International and others, the People’s Daily has indicated that: “About 70 percent of China’s reserves are held in US dollars, confirming widespread speculation about the weighting.” That was rather obvious the moment the US released its survey data showing that China held around $525b in US securities at […]
Read MoreFrom The Wall Street Journal: Revised rules that have stirred concern about foreign bank operations in China are expected to be issued by the State Council, China’s cabinet, in November and may take effect around Dec. 21, a foreign bank official said Friday. The proposed rules have prompted concern as they will force foreign banks […]
Read MoreFrom Bloomberg: China Construction Bank Corp., the nation’s fourth-largest lender, plans to make acquisitions and open branches in the U.S. and Australia as it seeks expansion outside of its home market. The Beijing-based lender will also strengthen its foothold in Frankfurt and South Africa, where it operates two branches, Zhang Jianguo, 52, president of Construction […]
Read MoreFrom International Herald Tribune via The New York Times: During 20 years in the toy business, Anthony Temple has reveled in the bounty of cheap stuffed animals, coffee mugs and figurines on sale from China. But this year, his buying trip for his London-based company, Rainbow Designs, resulted in a rude awakening. Traveling through the […]
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