The following are excerpts from /A’s Week in Retrospect. The site will go live in a month and will offer intelligent aggregation of North and Southeast Asian news headlines by journalists in the region.
[Week of July 13-19]
Rio Tinto case a warning to foreign business in China
The arrest of Stern Hu and three other employees of [...]
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China held the attention of bankers and financiers around the world this week at a meeting of the International Institute of Finance in Beijing June 10-12. Most of the world’s financial power brokers gathered to discuss how a new global financial architecture would look, and China figured prominently. The meeting appeared to be strongly [...]
People’s Bank of China vice governor Su Ning responded to “persons in a Western country [who] have said China is manipulating the yuan,” in an announcement reported by Chinese news agency Xinhua. “These remarks are not only inconsistent with the facts but they are misleading about the reasons for the financial crisis.” All this was [...]
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The new American treasury secretary’s comments last week seem to indicate that the new presidency will take a protectionist stance towards China. In a written Timothy Geithner said “President Obama - backed by the conclusions of a broad range of economists - believes that China is manipulating its currency.” While comments in the Chinese [...]
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China’s already tough foreign currency control regulations have just gotten tougher
The Chinese market has gotten a little chillier for foreign investors. A new regulation recently publicized by the State Administration of Foreign Exchange (SAFE), now bans Foreign Invested Enterprises’ (FIE) from using foreign capital, converted to RMB, for the purpose of equity acquisitions. Simultaneously, a [...]
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CIBE Conference on Corporate Social Responsibility: October 26th and 27th Sun City, Beijing
Much of China’s recent economic success is due to the fact that production is fast, suppliers are plentiful, and regulations are not always enforced. The factors that make Chinese businesses highly lucrative are often the same ones that weaken China’s credibility abroad. In [...]
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