Another western retailer has realized it’s time to take the foot off the gas pedal in China.
Wal-Mart, the world’s biggest retailer, is to close about 25 stores in China as it moves to centralize its network of stores around cities where it already has a presence before moving into new regions. (continue reading…)
Does China need another signature skyscraper? Changsha’s Sky City, currently still at the project stage, caught my attention, not so much for its ambition to become the world’s tallest skyscraper (yawn) but for its desire to promote a more sustainable way of urban living in China. (continue reading…)
The UK government has restarted the country’s long-stalled nuclear power program and French electricity giant EDF will build a new plant. The controversial decision has attracted howls of outrage from some quarters, doubly so because Chinese investors are also being allowed to participate in this landmark project. (continue reading…)
The EU plans to contribute €6.3m to a support package for 611 Danish workers laid off by wind turbine giant Vestas because they were victims of Chinese competition.
The European Commission set up its little-known European Globalisation Adjustment Fund back in 2007 to help European workers who loses their jobs due to ‘changing global trade patterns’. (continue reading…)
Once again, China sets a new record. This times its for billionaires as there are an astonishing 168 billionaires in China in 2012, up from 146 a year earlier, according to Forbes magazine’s annual China Rich List, which ranks the 400 richest people in China (continue reading…)
China spent an amazing $163bn on R&D last year. Even more amazing, thats an 18% increase on the previous year.
The sheer size of the resources that China now devotes to R&D means that businesses in the west cannot afford to ignore rise of China’s science-based industries. (continue reading…)
What are the hottest sectors in China for attracting private equity investors?
Ravenous energy demands and chronic environmental problems have, not surprisingly, put alternative energy, energy saving and environmental protection firmly on the radar screen as favorite areas for PE investment. (continue reading…)
When the UK lowered the flag on its former colony of Hong Kong in 1997, China was still playing catch-up with other Asian economies. Today, China is second only to the US in economic might and the UK, along with every other country in the world, is keen to build closer ties. (continue reading…)