From Reuters (link) The National Basketball Association on Monday said it has agreed to a marketing partnership with Chinese appliance maker Haier, part of the basketball league’s push to promote the sport in China. NBA Commissioner David Stern described the deal as a multiyear agreement but declined to provide specific time or financial details. The […]
Read MoreFrom the Washington Post (link) The Bush administration said Monday that China must do more to address long-standing trade frictions as a way of dealing with a U.S. trade deficit that has hit an all-time high of $202 billion with the Asian giant. Administration officials said a meeting of top economic policy-makers from the two […]
Read MoreFrom the Financial Times (link) China may be willing to loosen state control of the banking sector by allowing the sale of controlling stakes in small and medium-sized lenders once exclusively owned by the government. The new policy, enunciated in a weekend speech by a senior regulator, may also signal a willingness to open the […]
Read MoreFrom AFX via Forbes.com (link) A growing mood of ‘economic patriotism’ in China is challenging international companies looking to acquire local businesses and establish a presence here, state media reported. The sentiment is founded on concerns that foreign companies are creating monopolies in a number of sectors by acquiring promising local firms, the China Daily […]
Read MoreFrom the Financial Times (link) The Chinese Academy of Sciences, a government-backed body employing 40,000 researchers, is to boost investment in research into infectious diseases, stem cells, genomics and biotechnology. The fresh emphasis is a sign of Beijing’s anxiety that a disease such as severe acute respiratory syndrome, bird flu or HIV could spread within […]
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