U.S. firms look to China’s West for growth

U .S. businesses are increasingly looking to China’s western hinterlands as the future source of growth and profits, with Ford, Wal-Mart and other companies planning major investment and expansions in cities such as this sprawling…

Academy changes list of candidates

BEIJING – The names of some senior officials from government and State-owned enterprises have disappeared from the list of candidates who will participate in the second round of competition for academician vacancies at the Chinese…

Cash squeeze limits bank lending rate dip

Smaller-than-expected drops in the overnight, one-week and two-week Shanghai Interbank Offered Rates (SHIBOR) on Monday indicate that government efforts to tighten up bank liquidity are having an effect, analysts have said. The overnight, one-week and…

HK, China shares jump on robust volumes

Hong Kong and China shares moved above their 250-day moving averages in robust turnover on Monday, on anticipation that reduced inflation pressures in the Chinese economy and favourable earnings could sustain a rally that began last week….

E-stores should be taxed

The Wuhan tax bureau recently requested 430 million Yuan ($66.5 million) from the online store, myonepercent.com, a woman’s clothing store on Taobao. This is the first case in China of an online shop being taxed,…