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The quantity of counterfeit goods entering the U.S. is increasing, and it gets worse around an event like the Super Bowl. Federal agents recently seized more than $6 million of counterfeits and shut down more than 300 illegal websites. But consumers are at risk for more than just getting a shoddy NFL jersey.
U.S. workers are far, far more productive than their Chinese counterparts -- mostly because we have a big head start on automation. And when you combine lower productivity with the rising wages that Chinese laborers now demand, you get what may be the recipe for the rebirth of American manufacturing.
Knockoff bags and watches from China are one thing. But the news that whole Apple, Ikea and Disney stores have been faked -- even to the point of duping the employees, in one case -- has shocked many Americans. Why is the U.S. obsessed with Chinese fakes?
The world's most populous nation is warming up to social networking, restrictive shackles and all. Chinese social site Renren, with its 117 million users, filed to go public last week, giving stateside investors another shot to cash in on China's online revolution from the inside.
China's foreign-exchange reserves jumped by a record 7.5% during the fourth quarter, increasing concerns over the country's inflation, The New York Times reported Tuesday.
As China's economy continues to grow, Chinese companies are flooding the U.S. IPO market. Six of the nine companies scheduled to go public on U.S. exchanges this week hail from China, and one Taiwanese company is also planning its debut.
Almost a year after Google's China servers got hacked, launching a standoff between Google and the Chinese government over censorship, a set of classified cables released by WikiLeaks confirms that the Chinese government was indeed involved in the cyberattacks.
As investors sell on fears that China might raise interest rates, the country's top economic official says a plan to rein in double-digit growth in food prices is coming soon.
Baidu's third-quarter profit more than doubled, year over year, as online advertising surged. The company also benefited from increased market share after Google closed its China-based search engine in March.
Last month, China said it would loosen the tight link between its currency, the yuan, and the U.S. dollar. It was a move welcomed by economists and world leaders who felt China was engaging in unfair currency manipulation. But on Wednesday, the government in Beijing backpedaled a bit.

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