economics


Chart of the day: Yen in pole position

Since the beginning of this year, all currencies have strengthened against the US dollar despite the much-heralded interest rate rise by the Federal Reserve, giving the lie to the theory that rate differentials determine foreign-exchange rates. Leading the major currencies and outperforming most emerging-market ones is the yen, which might keep US President Donald Trump off Japanese Prime Minister Shinzo Abe’s back for a while longer. Since December, the yen has been consolidating in a......

Money can’t buy you happiness

Some coincidences are simply too delicious not to savour. Last week offered a marvellous example. Within days of the United Nations releasing its world happiness report, both Forbes and the Hurun Report unveiled their annual updates on the world’s billionaires. All of these reports in their ow...

trade


Beijing Hosts APEC Summit

As leaders from member countries gather in Beijing for the APEC summit, China is reportedly taking advantage of the opportunity to promote its plans for a Free Trade Area of the Asia Pacific (FTAAP) as an alternative to the Trans-Pacific Partnership (TPP) being negotiated by the United States which excludes China. However, Beijing's attempts to include calls for an FTAAP feasibility study (with a target date of 2025) in the communiqué to be distributed to leaders at the end of the session was thwarted by the US, with a US trade representative spokesman announcing that the two countries will b...

Trade Drops for Phase 1 of Canton Fair 2014

Held twice a year in the city of Guangzhou, capital of the Guangdong province, the Canton Fair has been running since 1957 and is considered to be the largest trade fair in China. The Canton Fair (full name being China Import and Export Fair) is organized by China Foreign Trade Center and supported ...

China’s e-Commerce Market Booming

As Chinese e-commerce company Alibaba prepares for its IPO through the New York Stock Exchange, the Dalian Wanda group in China announced on Friday that it would be entering into an e-commerce joint venture with Baidu and Tencent Holdings to be registered in Hong Kong. Wanda will own 70 percent of t...

culture


China’s transport infrastructure investment grows

(Xinhua) Fixed assets investment in China's transport infrastructure registered a robust growth in the first two months of this year, part of the efforts to build a modern and efficient transportation system. Investment in transport... Read more ...

politics


Chinese Woman Released From Detention After US Senator Contacted

A prisoner of conscience in China has been released after her family in the United States contacted a Texas senator. Han Xuejiao, 29, was unjustly detained at the behest of Chinese Communist Party officials for a month. Han, who works at an accounting company in Shanghai, was arrested by police several weeks ago because she practices Falun Dafa, a form of meditation also known as Falun Gong. Its adherents have been severely persecuted since July 1999, facing imprisonment, torture, extralegal executions, and even forced organ harvesting. The police also ransacked Han’s home, according...