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China Business News and Notes for the Week of August 22
By ANDREW SIEGFRIED
Published: August 24, 2008 07:07 AM

As the RMB continues to rise along with wages and the cost of raw materials, All Roads Lead to China takes a look at the never ending question "Is China no longer competitive?".

The answer to the above question would certainly be yes for many SME's in Hangzhou and, as a result, they've persuaded the Hangzhou government to provide assistance in these hard times. The Economic Observer has a detailed look at this rescue plan.

While exporters may be having a tough time, consumers sales are still growing at a very healthy rate.

VC's seem to be undeterred by the overall slowing of the Chinese economy and are pouring in money.

The end of hot money flows into China? Seems like wishful thinking.

China's leader in search, Baidu, and Hexun, one of China's leading sources of financial and business news, have teamed up to improve Baidu's finance section. Now if they could only figure out how to prop up the Shanghai index.

Would it be wise for a multinational to acquire the naming rights to the birds nest? Probably not worth the risk.

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