China’s takeover of America continues

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 […]

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Are Palestinians Trying to Screw Viagra Users?

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. […]

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U.S. Treasury Still Refuses to Name China a Currency Manipulator

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 […]

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Chinese not Happy with the China-Bashing by Candidates

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. […]

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China is ‘Systematically Stealing’ U.S Intellectual Property

(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 […]

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China as an Innovation Center? Not So Fast

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 […]

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