Apple Apologizes in China Following Criticism by State Media
Apple apologized to Chinese consumers after government media attacked its repair policies for two weeks in a campaign that reeked of economic nationalism.
Beijing
IMF Says China's Economy Has Managed a 'Soft Landing'
China has achieved a "soft landing" in its economic slowdown, the IMF says, while cautioning that more sweeping reforms are needed to ensure healthy growth in the longer term.
China's Trade Growth Slips Amid Global Economic Slump
China's trade growth plunged in June, hurt by weak U.S. and European demand and a Chinese slowdown, with a potential impact on economies as far-flung as Africa and Australia.
Will China's 'Have-Nots' Be Next to Rebel?
In most respects, China is a world away from the oil-dominated autocracies in the Mideast now seething with anti-government unrest. But it faces similar issues: high inflation and a troubling wealth gap that could fuel social upheavals, if Beijing doesn't make some big changes soon.
A New Way to Bet on China: Open a Renminbi Bank Account
China's economy is booming, and Western nations are increasing their demands that its currency be allowed to rise to its natural value. Who knows if that will happen, but if you want to bet that it will, the Bank of China just made it easier: Now, Americans can open renminbi-denominated accounts.
China Stole the Show in 2010. Next Year May Be Tougher
While the U.S. struggled with near-10% unemployment, China grew at that same pace over the past year. But the country faces massive internal problems that leave it in a far more difficult situation than the praise constantly heaped on it implies.
Has North Korea Finally Overplayed Its Hand?
There's no end in sight to the tension between North and South Korea that recently rattled world markets. But Kim Jong-Il may have finally pushed his patrons in Beijing and his neighbors to the south too far. Could real change be coming to the Korean Peninsula?
The 10 Cities With the World's Worst Air
With the latest round of global climate change talks set to begin this week in Cancun, Mexico, the assembled delegates should be thankful they're not meeting in, say, Beijing or New Delhi. Those two cities are tied at the top of a list no city should want to be on: those with the world's most dangerous air.
China Won't Let Yuan Float So Freely After All
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.
China's Currency Move Means Hard Decisions Ahead
If you think China's decision to unpeg its currency from the U.S. dollar was a good move, Gary Shilling says don't believe it. The economist who saw the subprime crisis coming warns that the move will have a number of unintended consequences.
