Word: beijingers
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After a series of safety scandals that killed Chinese citizens and degraded the international reputation of the country's exports, Beijing has approved a broad series of tougher food-safety laws. But given the difficulty in implementing laws in China, it's unclear whether the legislation will make China's...
The value of Chinese food exports has expanded by a factor of nearly 6 over the past two decades, from $4.5 billion in 1986 to $25.7 billion in 2006, and governments around the world are demanding that Beijing boost the safety of what it produces. In 2006, after more than...
China's appetites are good news for manufacturers in demand-depressed Europe. Last Wednesday, Beijing's Commerce Minister Chen Deming arrived in Germany with executives from about 90 Chinese companies, on a multi-billion-dollar shopping trip around Europe. The delegates signed more than $10 billion worth of deals in...
The shopping spree serves China's purposes, too, helping to head off possible retaliation from Western countries against the huge trade surpluses maintained by Beijing. An unnamed European diplomat in Beijing told the Financial Times on Wednesday that China's "biggest nightmare" is being ordered by the U.S. and Europe...
China's buying spree has, however, been selective. The United States was conspicuously absent from its global shopping itinerary. The last major Chinese bid to buy a U.S. company ended in diplomatic disaster, when the China National Offshore Oil Corp. or CNOOC offered to buy the California oil company Unocal...