The tragic subway accident on one of Shanghai’s lines injured nearly 300 people. Fortunately, none were killed, as had been the case when two bullet trains collided on the high-speed rail line connecting Hangzhou and Wenzhou in Zhejiang province. The Wenzhou train accident, however, had far greater repercussions for China society and the overall [...]
The weakening of China’s services sector runs counter to the central government’s professed desire to re-balance its economy away from infrastructure development and export manufacturing and more toward domestic consumption. The HSBC purchasing managers’ index (PMI) for the services sector dropped to 50.6 from 53.5 in July, according to a statement issued by HSBC Holdings [...]
China is still open for business, despite much-weakened Western markets in Europe and the United States. The Chinese economy may be slowing – as is the general consensus between journalists, analysts and factory managers in China; however, the property development sector is still building apace, despite the central government’s best efforts to moderate the [...]
China’s Business Environment for Foreign Invested Enterprises (FIEs) Though inflation pressures are still the important story this month, the most important development is that only a handful of journalists and editors of online and print media have been suspended or fired for investigating the cause of the tragic bullet train accident that occurred on the [...]