China-US US News | CHINA US Focus - Part 7

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08/20/2014

China tries to rescue 36 trapped in two mines

Rescuers sought Wednesday to reach 36 coal miners trapped underground after two separate fatal incidents. Twenty-five miners remain inside an east China mine after an explosion early Tuesday caused a tunnel collapse and killed two. Eleven other miners are missing after a northeast China mine flooded last Thursday, killing five men. The deadly accidents highlight [...]

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08/20/2014

Mongolia Seeks Economic Lifeline With Pivot to China, Russia

After two decades courting Western investors and political allies, Mongolia is refocusing on foreign ties closer to home seeking to revive its economy. China’s President Xi Jinping is scheduled to arrive tomorrow in the country landlocked between his nation and Russia, as Mongolia’s economic woes mount. Growth is the weakest in four years, foreign investment [...]

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08/20/2014

Amazon enters free trade zone to boost offering in China

Amazon.com will set up shop in China’s Shanghai free trade zone, state media said on Wednesday, aiming to take advantage of less stringent trade regulations to sell a wider range of products in the country. The U.S. online retailer’s move signals its intent not only to remain in China but to beef up its presence [...]

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08/20/2014

Women thrive in China’s booming tech scene

The worst kept secret in Silicon Valley is that tech firms have a major gender diversity problem. At company after company, men dominate the top jobs. In China, things look rather different. CNNMoney spoke with Jane Jie Sun, the chief operating officer of Ctrip, about the role women play in the tech industry. Ctrip is [...]

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08/19/2014

U.S. tech firms under increasing scrutiny in China

The Silicon Valley economy is hot these days, but U.S. tech firms are feeling a chill in China. Anti-monopoly investigators have raided Microsoft’s China offices, and the government has banned Windows 8 from state computers. San Diego-based chip maker Qualcomm may face more than $1 billion in fines for allegedly overcharging customers for smartphone patent [...]

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08/19/2014

China targets executive pay at state-owned firms

President Xi Jinping has pledged to limit executive pay at China’s powerful state-owned companies, the latest point of emphasis in a sustained austerity campaign. “State-owned companies must realize more equitable salary levels,” Xi said, according to state news agency Xinhua. “Unusually high executive salaries must be regulated.” The state media report did not provide any [...]

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