From the New York Times: The world’s largest economies aim to grow by 3 or 4 percent; 5 percent is impressive; 7 percent remarkable; and 10 percent, usually unthinkable. But Tuesday, China said that its economy grew 11.3 percent last quarter, the fastest pace of growth in about a dozen years, raising fears of a […]
Read MoreFrom Reuters: Top Chinese electronics retailer Gome Electrical Appliances Holding Ltd. plans to take over a smaller competitor for roughly US$630 million, as the arch-rivals team up to fend off the likes of U.S.-based Best Buy Inc. . Gome, which like its rivals has been expanding at a breakneck clip to achieve scale while sacrificing […]
Read MoreFrom Bloomberg: China’s economy grew 11.3 percent in the second quarter, the fastest pace in more than a decade, and the government said it will clamp down on lending and investment. Spending on factories and real estate...
Read MoreFrom AFX via China Economic Net: China is drafting new rules to regulate large-scale shopping outlets, which could impede the expansion plans of foreign retailers such as Wal-Mart Stores Inc. and Carrefour SA, the Wall Street Journal reported. The rules, presently under review by the State Council, could be released later this year, the report […]
Read MoreFrom MarketWatch: Chinese authorities are drafting rules which dramatically restrict foreign individuals and institutions from investing in the property market, according to reports. Under consideration are measures which would restrict investment in residential real estate to individuals who intend to occupy the property, according to Dow Jones Newswires reports, citing a draft version. Only those […]
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