(NEW YORK) — Forget Facebook. This is still Apple‘s stock market. Apple — the world’s most valuable company — climbed nearly 6 percent on Monday, helping propel major U.S. stock indexes to gains after a week of losses. The Standard & Poor’s 500, where Apple accounts for 4 percent of the index, enjoyed its best [...]
Since China opened up to the world with its sweeping economic reforms in the late 1970s, and especially in the past decade as private-sector enterprises have mushroomed, the model of executive compensation in the country has increasingly mirrored ones in the U.S. and Europe. How is it, then, that Chinese executives are paid only a [...]
(BEIJING) — A Chinese conglomerate announced Monday it will buy a major U.S. cinema chain, AMC Entertainment Holdings, for $2.6 billion in China’s biggest takeover of an American company to date. Dalian Wanda Group Co.’s purchase reflects the global ambitions of a wave of cash-rich Chinese companies that are using acquisitions to speed their expansion [...]
World leaders have gathered this weekend for the G-8 summit. Here’s a portion of my recent interview with Ian Bremmer, president of the Eurasia Group and author of “Every Nation for Itself: Winners and Losers in a G-Zero World.” Read more: G-8 or G-Zero? Why the West No Longer Sets the Global Agenda
BEIJING — China‘s government on Friday rejected a U.S. antidumping ruling against its makers of solar power equipment and Chinese manufacturers warned possible higher tariffs might hurt efforts to promote clean energy. The conflict has worsened U.S.-Chinese trade tensions. The two governments have pledged to cooperate in developing renewable energy but accuse each other of [...]
SHANGHAI — Dismal data from China and India on Friday may signal a further weakening of the global recovery, undermining hopes the dynamic emerging economies of Asia can help prop up growth. China reported its industrial production rose 9.3 percent from a year earlier in April, below expectations and down from nearly 12 percent in [...]
BEIJING — U.S. Treasury Secretary Timothy Geithner urged Beijing to let its tightly controlled currency strengthen and open its markets wider amid trade strains at a high-level economic dialogue Thursday. Chinese officials denied the yuan is undervalued and pressed Washington to ease controls on exports of high-tech goods.
Chinese human-rights activist Chen Guangcheng is a brave man who has taken on China’s brutal authoritarian government and suffered personally for it, but beyond winning the hearts of sympathetic admirers around the world, his impact has largely been local. That changed, however, when he made his dash for safety from his house-prison last week and ended up under the protection of the U.S.
The fall of Communist Party leader Bo Xilai began as an exercise in crisis management for the Chinese Communist Party and it continues as such
Bucking the decades-old wave of offshoring of manufacturing jobs to China, other parts of Asia and Mexico, GE said it would move jobs back from these countries to the United States, where it will build water heaters.
