From CNNMoney (link) As China gets set to throw open its doors to foreign banks by the end of the year, there’s a gold rush among global banks to claim their stake in China’s fast-growing financial services market. But analysts warn that banks in search of riches may find little more than fool’s gold in […]
Read MoreFrom the BusinessWeek (link) When Harry Shum arrived in Beijing seven years ago to start a research center in China for Microsoft, he had low expectations about what he would be able to achieve. Shum, who was born in Shanghai and grew up in Hong Kong, knew that skeptics considered it an impossible mission. “At […]
Read MoreFrom the BusinessWeek (link) Just how big can China get? For one thing, it looks as if the Middle Kingdom may now have greater foreign-currency reserves than any other country. On Mar. 28, the state-run China Business News reported that the mainland’s reserves hit $854 billion in February, outstripping Japan’s reported stockpile of $850 billion. […]
Read MoreFrom Bloomberg (link) China’s actions to shut down factories that make pirated versions of movies and to transfer more copyright infringement cases to criminal courts is falling short of U.S. demands, Bush administration officials said. U.S. and Chinese trade officials are scheduled to meet April 11 for their annual policy meeting in Washington. In each […]
Read MoreFrom Xinhuanet (link): China maintains the trade frictions and problems between China and the U.S. should be properly handled through consultation and should not be politicized, said Chinese Foreign Ministry spokesman Qin Gang on Tuesday. Qin made the remarks when responding to a journalist’s question on the visit by three U.S. senators to China. He […]
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