Self-made millionaire Li Weijie runs his own ski and golf resort outside Beijing and considers himself a patriot: A lifesize statue of Mao Zedong on a fourmetre base towers over the entrance to his resort. What would Chairman Mao say if he knew Mr. Li was the proud...
China stocks (SHCOMP) fell, dragging the benchmark index to a third weekly loss, after Industrial & Commercial Bank of China’s chairman said he expects the central bank to keep tight monetary policies. >>> Read more
China will begin allowing domestic trade between the yuan and the Canadian dollar next week, but until Beijing truly opens up the currency to foreign investors and markets, the yuan’s legitimacy as a potential reserve currency will be limited, experts said....
Beijing is finally seeing a turning point for sky-high housing prices following the implementation of tightened property market control policies, said property market observers. >>> Read more
Manufacturing activity in China and the eurozone slowed to its weakest pace in more than two years in November, early figures showed Wednesday, fanning concerns the global economy is barrelling toward recession on the back of the European debt crisis. >>>...
U.S. wheat and soybeans sank to their lowest prices in more than a year Wednesday as a downturn in China’s manufacturing sector renewed global economic concerns. China’s economic outlook has a strong impact on grain prices because it is the world’s...
