Category Archives: China

U.S. to press China on currency

By doris | Published: February 15, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — U.S. officials will continue to press China over the manipulation of its currency at this week’s G-20 summit, a senior Treasury Department official said Tuesday. The two-day summit of central bank governors and finance ministers, held in Paris, will take place against the background of a recovering [...]

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China accuses Wal-Mart of ‘deceptive prices’

By doris | Published: January 26, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — China has accused Wal-Mart, the world’s largest retailer, and its French competitor Carrefour of price gouging and misleading consumers by advertising false discounts on goods sold in their stores. The National Development and Reform Commission (NDRC), the Chinese agency that coordinates economic and social development, made those [...]

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China: The new landlord of the U.S.

By doris | Published: January 18, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — If you owed somebody a lot of money, let’s say for the sake of argument nearly $900 billion, you probably wouldn’t want to make this creditor angry, right? Tell that to President Obama, Treasury Secretary Tim Geithner and several members of Congress.

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Senators talk tough on China currency

By doris | Published: January 17, 2011

Full Story atmoney.cnn.com NEW YORK (CNNMoney) — Senate Democrats renewed their push to crack down on countries that manipulate their currencies, ahead of a key meeting between Chinese President Hu Jintao and U.S. President Barack Obama in Washington. A bill introduced Monday by Senator Charles Schumer and two other Democrats, would impose penalties, including possible [...]

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Microsoft to investigate child labor accusations

By doris | Published: April 16, 2010

Full Story at msnbc.com SEATTLE – Microsoft says it will investigate reports of poor working conditions at a factory in southern China that makes some of its products. A nonprofit that looks into the treatment of foreign workers by U.S. companies published a report Tuesday detailing long working hours, low pay, insufficient food and few [...]

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Business school grads flocking to Asia for jobs

By doris | Published: March 20, 2010

The people in college now a days don’t know if they can get a job now after they get out of school. Some of us are just wondering if after all the money they have spent is it worth it. Something has got to be done, but can the goverment do it. I think they [...]

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Chinese oil demand fueling Iranian defiance

By doris | Published: September 30, 2009

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — Don’t look for Iran to throw up the white flag anytime soon. The Obama administration is scrambling to tighten trade sanctions against Iran after the disclosure last week that Tehran was hiding a heavily fortified facility that many believe is designed to make material for nuclear weapons. But [...]

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GM to form China venture, invest $293 million

By doris | Published: August 31, 2009

Full Story at msnbc.com SHANGHAI – General Motors said on Sunday it has agreed to set up a light commercial vehicle production venture with major Chinese automaker FAW Group, with total investment of $293 million. The 50-50 joint venture, based in the northeast China city of Changchun in Jilin province, will make light-duty trucks and [...]

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Asia markets rise on Japan stimulus, China lending

By doris | Published: April 13, 2009

Full Story At HONG KONG – Asian markets gained more ground Monday as Japan’s new $150 billion stimulus plan and upbeat news about Chinese bank lending boosted hopes for recovery in the region’s major economies. Trade was thinner than normal with many investors still away for a public holiday and several markets closed. A stronger [...]

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