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This cross-pollination of executives among CAC 40 firms in France has created a tight-knit milieu where business and personal interests are intertwined in what might raise conflict-of-interest concerns elsewhere. But because of the historical coziness of corporate France - and the current conservative government's pro-business...

Author: /time Magazine | Title: France's Boardrooms: Little Diversity at the Top | 1/22/2010 | See Source »

His words will be little comfort to Chen Li. Like millions of other Chinese, the Beijing-based Web developer is struggling with one of the side effects of the country's stimulus efforts - a runaway property market. Fueled by cheap credit, property prices have grown steadily since mid-2009. A...

Author: /time Magazine | Title: Amid Recovery, China's Property Market Soars | 1/21/2010 | See Source »

For many urban middle-class Chinese, dreams of owning property that came into focus in the past decade have faded. Chen, 28, makes about $22,000 a year. By combining that with his wife's $13,000 salary as an office administrator, the couple estimated that they could afford a...

Author: /time Magazine | Title: Amid Recovery, China's Property Market Soars | 1/21/2010 | See Source »

Home sales last year increased in value 80% over 2008, according to the National Bureau of Statistics. That pace has slowed in recent weeks as buyers like Chen are now looking for government intervention. In late December, Premier Wen Jiabao promised action to help keep housing prices in check. "As...

Author: /time Magazine | Title: Amid Recovery, China's Property Market Soars | 1/21/2010 | See Source »

Some property developers and economists have called China's housing market a bubble. Whether the government can gently deflate it is an open question. Beijing's past efforts to control housing prices have been unsuccessful, says Shanghai-based economist Andy Xie. One flaw is that local governments rely on land...

Author: /time Magazine | Title: Amid Recovery, China's Property Market Soars | 1/21/2010 | See Source »

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