From Bloomberg News: It’s funny how China banned “Pirates of the Caribbean: Dead Man’s Chest” while looking the other way at the real threat to its 1.3 billion people. No, this column isn’t a defense of Walt Disney Co.’s or Johnny Depp‘s right to make millions of dollars. The Burbank, California-based company and the actor […]
Read MoreFrom Xinhua: The Chinese Academy of Social Sciences (CASS) launched the English-language China Economist magazine Saturday to introduce China’s economic development to overseas readers. The magazine, to be published every two months, will feature academic advances on economics and management studies with original academic papers and research reports on China’s economy, as well as articles […]
Read MoreFrom Shanghai Daily via China Economic Net: China Banking Regulatory Commission and the central bank held a meeting yesterday with representatives from commercial banks and China UnionPay to talk about heavily debated trans-bank inquiry fee, Xinhua news agency reported today. Commercial banks began charging cardholders 0.3 yuan (3.7 US cents) for each trans-bank inquiry from […]
Read MoreFrom Bloomberg News via the International Herald Tribune: China will allow futures brokers to trade overseas and establish investment funds to spur development of its capital markets and unlock more of the nation’s 15.4 trillion yuan, or $1.9 trillion, of household savings. The new regulations will take effect before the end of the year, Yang […]
Read MoreFrom Associated Press via the Boston Globe: The projects sound innocuous enough: “Star Town,” “Dingji Mountain Villas,” “Rockefeller Center.” A massive new traffic police headquarters. Sunhere International Mall, floor space sufficient to cover 123 football fields. The flurry of construction in Changsha, a southern Chinese city astride a cocoa-colored river is typical of the building […]
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