From The Wall Street Journal: Taiwan has given approval for three semiconductor companies to invest a combined US$825 million in China, a sign Taipei is softening its long-standing opposition to high-tech investment by domestic firms in its political rival. A cross-ministerial committee late Monday approved a US$400 million investment by Powerchip Semiconductor Corp. and a […]
Read MoreFrom Financial Times: A residential site in one of Hong Kong’s most exclusive addresses went under the hammer for HK$1.8bn ($231m) on Tuesday, far surpassing analysts’ expectations and breaking a record per-square-foot price set at the peak of the territory’s property bubble in 1997. Sun Hung Kai Properties, Hong Kong’s biggest developer, bought the prime […]
Read MoreFrom AP via International Herald Tribune: Five U.S. movie studios have won a court case against a Beijing shop accused of selling pirated copies of “Mr. & Mrs. Smith” and “War of the Worlds” and other titles, the Motion Picture Association said Tuesday. The Beijing No.2 Intermediate People’s Court ruled the Yu Hao Qing DVD […]
Read MoreFrom AP via International Herald Tribune: The government said Tuesday that it planned to nurture as many as 50 state-owned enterprises to become globally competitive companies while maintaining control of companies engaged in key industries. The government wants to continue its oversight over companies engaged in national defense, petrochemicals, power transmission, telecommunications, coal, civil aviation […]
Read MoreFrom BBC News: The southern Chinese city of Guangzhou may cap the number of migrant workers it allows in because of the “social problems” they bring, state media said. Government officials told the China Daily that one possibility was to stop some industries employing migrants. China’s economic boom has largely been driven by the cheap […]
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