Word: beijingers
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Two major deals on successive days show that Japan's banks have not only repaired their balance sheets over past 10 years, they're not shy about taking advantage of the current weakness of their American competitors in a fight for international market share. On Sept. 22, Mitsubishi UFJ Financial...
That was a pointed reference to the perils of investing in U.S. financial companies over the last 18 months. In May 2007, China Investment Corp. (CIC), the country's sovereign wealth fund, sank $3 billion into Blackstone Group, the U.S. private equity firm, only to watch its stake shrink by...
When Pushpa Kamal Dahal departed for the 2008 Olympics' closing ceremony days after becoming the first Prime Minister of the Federal Democratic Republic of Nepal, the writing - for many Indians - was on the Great Wall. For citizens of the other rising Asian giant, the Games had already broadcast how far...
Fair or not, it's this stubborn sentiment that amplified the implications of Dahal's Olympic visit last month. Dahal himself eulogizes the Chinese path to prosperity and has referred to India in the past as an "expansionist" enemy. His government unflinchingly cracked down on Tibetan activists, further evidence, to...
But that may not be enough to restore Chinese consumers' shaken faith in either the safety of the country's food or the competence of its regulators. Luo Hexin, a migrant worker living in Beijing, said that his two-year-old son has been drinking Sanlu-brand powdered milk for...