James Mcgregor News
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China’s placement of a North Korean- educated economist and an exemplar of debt-fueled infrastructure on its ruling body may add to challenges for Communist Party leader Xi Jinping as he seeks to deepen the nation’s development.
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Days after Xi Jinping became chief in 2002 of Zhejiang, China’s hotbed of private enterprise, he set out on a tour of the province. His message: more capitalism.
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China’s rising wages and inflation soon will make its exports too expensive to compete with low- cost manufacturers, according to a group representing U.S. companies with operations in the world’s second-largest economy.
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On the edge of Tiananmen Square, just across the street from Mao Zedong ’s tomb, He Yingying munches on a piece of chicken and gazes at the benign-looking figure beaming down at her.
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Shanghai’s World Expo transformed the city with a $44 billion makeover of roads, subway lines and its riverside Bund and was celebrated with traditional songs and dance when it closed late yesterday.
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Shanghai’s $44 billion World Expo may secure bigger economic benefits for China’s richest city than Beijing reaped from the Olympics two years ago.
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Anti-monopoly regulators are turning Yum! Brands Inc.’s acquisition of a chain of Mongolian hot-pot restaurants into the most profitable bet in China.
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China has failed to deliver on pledges made to the U.S. to guarantee equitable treatment of foreign investors, creating “real frustrations,” Commerce Secretary Gary Locke said.
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Shanghai’s $44 billion World Expo closes today after China’s richest city hosted a record number of visitors during the six-month event.
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