From the Wall Street Journal: Shanghai Electric Group Co. said its chairman and two directors have resigned while under investigation in China, and the company has been in contact with the Hong Kong stock exchange regarding a resumption in trading of its shares. Shanghai Electric’s stock in Hong Kong has been suspended from trading since […]
Read MoreFrom the Wall Street Journal: Hong Kong and Chinese officials have signed a new taxation agreement that is intended to make Hong Kong more attractive as an offshore base for investments in mainland China. The pact, signed Monday, will reduce the rates of tax paid by Hong Kong-based firms and individuals on investment income — […]
Read MoreFrom Bloomberg: China may be running out of options to cool its economy short of allowing a stronger currency after the central bank’s fourth effort in less than four months to rein in growth. The People’s Bank of China‘s decision Aug. 18 to raise interest rates, following its April move and two increases in banks’ […]
Read MoreFrom Bloomberg: Almost two-thirds of China’s largest manufacturers are foreign companies, first among them Motorola Inc., the world’s second-biggest cell-phone maker and No. 6 among all industrial companies in the world’s fourth-largest economy, a report said. Motorola had 74 billion yuan ($9.28 billion) in sales in China in 2005, far more than the 49 billion […]
Read MoreFrom the New York Times: Apple Computer said Thursday that it had found no evidence of forced-labor conditions at a Chinese factory that makes iPod digital music players. But it said that a company investigation found several violations of Apple’s code of conduct and that the supplier, Foxconn, was changing its practices as a result. […]
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