The fallout over the US’ complaints against China’s alleged weak stance on piracy and closed markets continues, as Chinese Vice Premier Wu Yi said they would damage cooperation between the two countries. 

Google’s US$1.65 billion purchase of YouTube spawned numerous video-sharing sites in China, and venture capital poured in, eager to capitalize on China’s 137 million web users. 

Volvo AB plans to reorganize its joint ventures in China, due to the unsatisfactory market performance of its truck vehicle resulting from local failures in production, marketing, and sales.

The naming of Zhang Yin as China's richest woman has encouraged many enterprises to follow her example by engaging in China's uncultivated recycling industry.  France's Veolia Environmental Services, the world's largest environmental services provider, plans to expand its paper and metal recycling business to China, and to strengthen its investment in e-waste recycling activities.  However, low public awareness about recycling, as well as a lack of industry standardization, will present obstacles that environmental service providers like Veolia will have to overcome.

Italian designer fashion giant Versace announced yesterday plans to make China the focus of its development with an investment of12.5 million US dollars next year, Taipei Times reported.