One of the hot China business stories this year has been the plight of the nation’s garment and footwear manufacturers. Not only have rising costs for everything from labour to land eaten into profit margins, particularly on the eastern seaboard, but the rising yuan and the global credit crunch have also eaten into export orders and sales revenues.Many...

The nytimes is reporting that despite China’s $ 1.8 trillion dollars worth of foreign exchange reserves, China’s central bank is in serious need of a cash infusion. This is a result of major losses from a trillion dollars worth of bad investments into US Treasury bonds and mortgage-backed debt issued by Fannie Mae and Freddie Mac. Even more inter...

Talks between Apple and China Mobile over Apple's iPhone have had their ups and downs over the last year or so but it seems that the impasse may have finally been resolved. Marbridge Daily, one of the more reliable sources on China’s TMT space, is reporting from an unnamed source in the Ministry of Industry and Information Technology (MIIT) that C...