From Forbes (link) The isolationist creed of the 1920s and 1930s could make a comeback, U.S. Commerce Secretary Carlos Gutierrez warned. The Cabinet figure addressed students at China’s Chongqing University on Monday, cautioning the Asian nation that it needs to directly address American trade concerns. If not, the secretary warned, protectionist sentiment in the U.S. […]
Read MoreFrom Xinhuanet (link) The total purchase volume of world famous retailers such as Carrefour, Wal-Mart and Metro in China exceeded 200 billion yuan (25 billion U.S. dollars) last year, the Beijing Daily reported on Monday. German trading group Metro, the third largest trader and retailer in the world, plans to purchase goods worth 300 million […]
Read MoreFrom the Associated Press via the International Herald Tribune (link) China’s economy is expected to grow 8.9 percent in 2006, slowing from 9.9 percent last year, the central bank’s research department said in a report published Monday. Annual growth in China’s gross domestic product will gradually slow to 9 percent in the second quarter, 8.9 […]
Read MoreFrom Reuters (link) Wearing brightly colored T-shirts, blowing whistles, waving flags and pounding drums, Wal-Mart China employees cheered and sang the praises of their stores at the annual staff meeting here. The mood was much the same as the pep rally atmosphere at Wal-Mart Stores Inc.’s shareholder meetings, held in Arkansas each June, where thousands […]
Read MoreFrom the International Herald Tribune (link) With President Hu Jintao due to visit the United States, there is an urgent need for a cease-fire in the war of words between China and the United States over trade. Here is how to do it in ways that would not only serve both countries’ interests but those […]
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