Manufacturing costs are rising for processing companies in China, sparking a dramatic change in the industrial landscape. But it doesn't need to all be gloom and doom, reports Caijing magazine
. US chemical giant DuPont (DD.NY), for one, is not "especially worried about it".
Apple (AAPL.NASDAQ) will open
two directly owned and operated stores in Beijing this year and will also set up Apple 'stores' inside big-box retailer Gome (0493.HK), one of China's largest electronic retailers.
The Economic Observer takes an in-depth look
at the China Eastern Airlines (CEA.NY, 600115.SH, 0670.HK) pilot strike in Yunnan.
Two fund managers have been fined and banned
from the securities industry after being convicted of insider trading. The managers worked at China International Fund Management Co and China Southern Fund Management.
New banking regulations
are encouraging investment in rural banking institutions. And there appears to be nmoney in it. As TCP reported
earlier this month, profits at Beijing Rural Commercial Bank grew 38.04% year-on-year in the first quarter to US$125.42 million (RMB877 million), and HSBC Executive Director Peter Wong expects the bank’s rural banking business to turn profitable in three to four years.
Finally, check out an ongoing discussion
between Victor Shih, an assistant professor of political science at Northwestern University, and Josh Goldstein from USC about consumer demand and inflation in China.
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