Wu Xuesong, a professor in this city on the Yangtze, says he doubled his money on an apartment he bought as an investment some years back and is ahead on a second. Buy a third? Forget it. Mr. Wu slides open a dining-room window and points to the dark shadow of a new apartment complex, [...]
China’s loss of economic momentum in the first quarter was deeper than the most widely-cited data will show, according to analyst forecasts for a gauge that’s gaining increasing recognition. Gross domestic product grew a seasonally adjusted 1.5 percent from the previous three months, according to the median estimate in a Bloomberg News survey ahead of [...]
Hong Kong may have lost Alibaba’s giant initial public offering to the United States, but for some large investors in this Asian financial hub, that’s just fine. On Tuesday, the Asian Corporate Governance Association released the results of a survey it had conducted among its members showing that nearly all respondents were opposed to dual-class [...]
Yue Yuen Industrial Holdings Ltd., a shoe supplier for Nike Inc. and Adidas AG, said more than 1,000 factory workers in a southern Chinese city went on strike today, demanding better social security payments. The employees took to the streets of Dongguan before being stopped by local police, according to a statement from the Hong [...]
Over the past three years, Chinese authorities have fined Wal-Mart Stores Inc. $9.8 million, sanctioning the retailer for using misleading pricing, selling poor-quality products and even peddling donkey meat that turned out to be fox. Wal-Mart has increased testing and inspections. Food testers at Wal-Mart distribution centers in China check more than 600 products daily [...]
A consortium of state-owned Chinese companies led by the China Minmetals Corporation, one of the country’s biggest metals miners, announced an agreement on Monday to buy a giant copper mine in Peru from Glencore Xstrata for more than $6 billion. In a deal that demonstrates how Chinese regulators are influencing global mergers and acquisitions far [...]
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