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Wide spread salary cut

Although the global financial markets showed sings of recovery, studies from Guangzhou shown that nearly 40% of state owned corporations have reduced employee salary or
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Sanctions against Made in China

The Obama administration recently approved an import levy tax upon tires imported from China.  According to data released by Huangpu Customs in China on October ...
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Record housing loans in Shanghai, Q3

On October 26th, SBRC (Shanghai Banking Regulatory Commission) reported housing loans in Shanghai increased dramatically in the third quarter this year. Housing loans broke through ...
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Huge losses for Lenovo

Recently Liu Chuanzhi, CEO and Chairman of Lenovo Ltd., announced that the Lenovo group suffered heavy losses in year 2008 and 2009. Losses reached up ...
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Morgan Stanley: China’s economy may slow in mid-2010

As soon as China’s economic stimulus ends, external demands will be insufficient to carry the burden to support the country’s economy alone. Therefore, “China's economy ...
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Rosy picture on Taiwan economy for 2010

Taipei, Nov. 1 (CNA) Minister of Economic Affairs Shih Yen-shiang painted a rosy picture of Taiwan's economic prospects for 2010, citing the improved expectations of ...
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Increasing concerns over asset bubbles

China's GDP (gross domestic product) grew at the rate of 8.9% in Q3 this year, according to data released by the China National Bureau of ...
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Business news shorts

China’s CPI may exceed 3 per cent; PBC to raise interest rate in next Q1 A recent report from Bank of China predicted that the People’s ...
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India prohibits work visas for Chinese laborers

Rapid economic expansion in Asia presents a major challenge for India and China....
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Business news update

BRISBANE, AUSTRALIA: Mining magnate Clive Palmer attends a press conference announcing a new Queensland resource project called 'China First', which will see 1.4 billion tonnes of coal mined in the Galilee Basin, at the Stamford Plaza Hotel in Brisbane, Australia. ...
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