JPMorgan Chase & Co. (JPM) has agreed to sell 1 Chase Manhattan Plaza, the tower built by David Rockefeller, to Fosun International Ltd., the investment arm of China’s biggest closely held industrial group, for $725 million. China’s developers and companies are expanding in overseas property markets as the government maintains curbs on housing at home to cool […]
Israeli tax authorities were surprised to discover a staggering 700,000 fake Viagra pills during an inspection this week at the Ashdod Port. According to Walla, the pills were found in a shipment of furniture from China intended for delivery to a Palestinian Authority resident importer. The pills would have sold for roughly NIS 20 million. […]
Doubts are growing about whether China can pass the US to become the world’s biggest economy this century amid warnings that the country’s 30-year miracle is nearing exhaustion. The world’s tallest tower should have been built by now. Officials said last year that the great edifice with 220 floors would be erected in three months […]
Air pollution contributed to the deaths of 1.2 million people in China in 2010, according to data presented at a summit in Beijing this week. The study, led by researchers at the University of Washington, said air pollution posed the fourth largest threat to the health of Chinese people, behind dietary risks, high blood pressure […]
The Obama administration on sill on the same old path said China isn’t a currency manipulator and made the claim that under U.S. law they okay, at the same time they claimed the yuan “remains significantly undervalued” and needs to rise further. The Federal Reserve and Obama refuse to acknowledge they ate currency manipulators. Feds said China “has substantially reduced the […]
Republican presidential nominee Mitt Romney promised to label China as a currency manipulator, and, if elected, would prosecute their practice of limiting their currency as a means to keep their export prices low, during Tuesday night’s debate. President Obama, likewise, bragged about his tough stance against China’s low-cost goods and currency manipulation according to the Wall Street Journal. […]
Tucked into the U.S. Supreme Court’s agenda this fall is a little-known case that could upend your ability to resell everything from your grandmother’s antique furniture to your iPhone 4. At issue in Kirtsaeng v. John Wiley & Sons is the first-sale doctrine in copyright law, which allows you to buy and then sell things […]
BEIJING — China’s manufacturing sector shrank in August for the first time in nine months, according to government data released over the weekend, in yet another sign that the Chinese economy is slowing just as its leaders prepare for a delicate power transfer this fall. The next several weeks are crucial for policymakers as they […]
(The Telegraph) US Treasury Secretary Tim Geithner has accused China of “systematically stealing” American companies’ intellectual property in an unusually blunt attack. “They have made possible systematic stealing of intellectual property of American companies and have not been very aggressive to put in place the basic protections,” Mr Geither said on Friday at a conference […]
An impressive volume of patent filings conceals serious challenges to Beijing’s R&D aspirations. By ANIL K. GUPTA AND HAIYAN WANG Hardly a week goes by without a headline pronouncing that China is about to overtake the U.S. and other advanced economies in the innovation game. Patent filings are up, China is exporting high-tech goods, the West […]
