Li & Fung, the HK-based trading firm, has been dropped from Wired magazine's Wired 40 hip list of companies because its business -- distributing T-shirts and toys -- is "unimpressive" when compared to China's computer and car industries. EngagingChina begs to differ...    more »

Fiat has decided that China is not the great opportunity it once appeared. China's Chery Automobile is reportedly in talks to buy the Italian carmaker's stake in Nanjing Fiat Automobile, its JV with Nanjing Automobile...   more »

China has gone on the counter-attack over the increasingly bitter piracy dispute with the US. The Chinese government says US complaints could damage trade relations between the two countries, although the US seems determined to go ahead with its complaints, one over piracy the other concerning access for foreign music, films and books...   more »