Economics

China to protect inland shipping

China is to prohibit domestic companies from operating foreign-made ships on domestic waterways and will block foreign shipping service firms from selling services in China, according to regulations issued by China’s State Council. The rules protect the domestic shipping indu...

Industrial Production Slows in China, Inflation Rises

An industrial area as seen from the Western Mountains on Sept. 13, 2012 in Beijing, China. In September, China’s CPI increased 1.9 percent over last year. (Lintao Zhang/Getty Images) China’s stagflation, that is, high inflation and low growth, may create social turmoil if it drags on, accordin...

These people will walk away from scene of the crash

Is it time to put the Great Recession behind us? Not in terms of the economy – which remains bogged down with high unemployment, low growth and other aftershocks – but rather when it comes to demanding a rigorous effort to hold Wall Street bankers, traders and executives ac...

Leasing nightmare on Causeway Bay street

What do you think really scares property buyers and tenants most? If you think it's sky-high asking prices or exorbitant rents you'd be wrong. More than dollars and cents, their greatest fear lies in the restless souls of the dead that might be roaming or haunting premises that...

Indonesia FDI at record US$5.9b

A record US$5.9 billion in foreign direct investment flowed into Indonesia in the third quarter, showing that Southeast Asia’s biggest economy remains resilient in the face of a bleak global outlook, the country’s investment board said on Monday. In rupiah terms, total FDI ...