market

William Kemble-Diaz: Yen Jumps on China Hopes

From the Reuters: “An unexpected improvement in German business sentiment helped to underpin European shares on Wednesday while the yen recouped some of its recent losses as China rekindled speculation of a yuan revaluation. China’s finance minister said it would enter into a “deep dialogue” at next week’s Group of Seven meeting on issues including […]

Keith Bradsher: The two faces of China

Via ABS-CBNNEWS.COM, from the New York Times: Few business executives watch the growth of the Chinese economy as closely as Michael R.P. Smith, the chief executive of the Hongkong and Shanghai Banking Corp. Yet even Smith was startled when his staff recently projected that in 2034, bank assets in China would surpass those in the […]

How Nike Figured Out China

From Time Magazine: “The China market is finally for real. To the country’s new consumers, Western products mean one thing: status. ” “Americans have dreamed of penetrating the elusive China market since traders began peddling opium to Chinese addicts in exchange for tea and spices in the 19th century. War and communism conspired to keep […]

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