From the Los Angeles Times: When Liu Chuan-zhi started a personal computer business in 1984 off “Swindler’s Alley,” Beijing’s electronics black market, he could never have imagined it would one day buy IBM Corp.’s PC business. Similarly, the firm of Clifford Chance, which handled the Lenovo-IBM deal, would have had little idea that within 20 […]
Read MoreFrom The International Herald Tribune, via A Glimpse of the World: China’s awesome performance in many basic industries, like textiles, which is achieved in part through overinvestment, comes at the expense of many of the world’s poorest countries, which simply cannot compete. So far, the Chinese bargain offered to these countries has been all about […]
Read MoreFrom China Business Infocenter: Thankfully Go West may soon finally go away. The long running and largely useless campaign to drive investment to the remoter western fringes of the country has been a disaster and it now seems that Beijing feels ready to (sort of) admit that, take a deep breath and move on. Go […]
Read MoreFrom ISSN: It is not surprising that Chinese President Hu Jintao and his colleagues decided in mid-April to cool down anti-Japanese protests: a body blow has been dealt to China’s reputation as a responsible member of the global community. The fact that the Chinese Communist Party (CCP) administration was close to losing control over xenophobic […]
Read MoreFrom People’s Daily: Philippine Senate majority leader Francis “Kiko” Pangilinan on Tuesday called for strengthening the country’s ties with China during the state visit of Chinese President Hu Jintao to the Philippines on April 26-28. [Pangilinan stated,] “Chinese President Hu Jintao’s state visit serves as a fitting commemoration of Philippine-Chinese 30th year as diplomatic allies […]
Read MoreFrom The Financial Times, via Glimpse of the World: What if the Japanese government apologised profusely and unconditionally for all the terrible things Japan did to China during the war? What if all Japanese textbooks described...
Read MoreFrom the Business Week Online: Rampant counterfeiting discourages both foreign and domestic outfits from investing in its economy — and that hurts growth Counterfeiting is big business, but China needs to protect an even bigger one: Future investment in its economy, both foreign and domestic. Always thinking ahead, Beijing’s leaders want state-of-the-art investments from foreign […]
Read MoreFrom Yahoo!: “The first Sino-foreign fund management joint venture to win an investment mandate from China’s National Social Security Fund (NSSF) has been allocated an initial portfolio of 1.2 bln yuan, the South China Morning Post reported, citing a source close to the company. Shenzhen-based China Merchants Fund Management (CMFM), 30 pct owned by Dutch […]
Read MoreFrom the Mercury News: China’s role in the international economy took a big step forward this week when a plucky computer maker named Lenovo bought a majority stake in IBM’s personal computer business. The $1.75 billion deal signified a bold attempt by a Chinese electronics company to control a global brand. It was also China’s […]
Read MoreEven as China’s economic growth slows down, there is a severe shortage of freight cars to deliver coal, iron, ore, and oil to continue feeding the mass industry in China. China Economic Net’s Story on Freight Car Shortage Many developmental agencies, like the Asian Developmental Bank, are investing millions of foreign and domestic dollars to […]
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