Walmart invests in China’s 360buy.com

Walmart, the world’s largest retailer by sales, has invested in China’s largest e-commerce consumer electronics seller, 360buy.com, in a move that underlines the growing interest of global retailers in China’s rapidly growing online market.The retailer was one of six investors in a round of funding that raised $500m for 360buy, whose rivals include Taobao, the dominant online marketplace owned by

Russia and China: A love affair fueled by oil and gas

Russia and China have enjoyed a close but lopsided economic relationship since the mid-2000s. Beijing sees its giant neighbor to the west rather as little more than a source of energy and other commodities to feed China's rapidly growing economy. The results of recent meetings between senior Russian officials and China's premier Wen Jiabao suggest that the relationship is unlikely to change

Press:China May Set 4% CPI Target In 2011; Set Prudent MonPol

BEIJING (MNI) - China is likely to raise its inflation target for 2011 to 4%, the China Business News reported Wednesday, citing an unidentified source.Moreover, the government will pursue a "prudent" monetary policy, formally moving away from the "appropriately loose" policy adopted in late 2008 in reaction to the global financial crisis, the paper also said.The inflation target is usually

China Faces Challenge in Defending Export Limits on Rare-Earth Resources

China may be vulnerable in seeking to defend its restraints on the export of rare earths or other commodities because of conditions it accepted when joining the World Trade Organization in 2001, a former WTO judge said. While the trade arbiter’s rules let nations tax exports and safeguard natural resources, China signed pledges that it would only tax or limit exports from a list of specific raw

China official sees room for U.S. trade target: FT

HONG KONG (MarketWatch) -- China and the U.S. have the basis for a pact setting specific targets to cut their trade imbalance at next month's Group of 20 nations summit, according to a senior adviser to the Chinese central bank quoted in a Financial Times report Wednesday. "China should not be afraid of numerical targets for reducing its trade surplus," said Li Daokui, a member of the

SouFun Holdings' IPO goes through the roof

http://www.soufun.com/Shares of SouFun Holdings, an online real estate services provider, soared nearly 73 percent in the debut on the New York Stock Exchange Friday, as confidence in China's property market remains strong. Shares of the company, which controls almost half of China's online real estate advertising market, closed at $73.50, 72.9 percent above its offering price, the

Chinese factories struggle as wages rise ‎

SHENZHEN, China Caixin Online -- Standing in a light rain, dozens of young men and women quietly waited at the closed gates of a Foxconn Technology Group recruiting office. One woman said she'd traveled from another electronics company factory nearby to check out Foxconn's offer to increase salaries by up to 2,000 yuan ($295) a month. She called that kind of pay "unbelievable" for

Chinese economy "fever" - three funds will result in inflation expectations

"The biggest crisis is a crisis of ignorance!""China urgently needs to pull the fourth carriages, this is way out of the crisis.""Business owners should reduce debt, prudent investment, maintain adequate cash flow.""People investment approach should be taken to reduce the risk of a number of options to ensure a stable income."Professor Lang believes that the current three-share stock market,

Soybeans, Corn, Wheat Climb as Weather May Delay China Planting‎

Demand for corn and soybeans in China, the world’s biggest consumer of grain and meat, will climb as the expanding economy raises incomes and improves diets, said an executive at Cargill Inc., the largest U.S. agricultural company.The country’s annual soybean consumption will rise as much as 8 percent for the next three to four years, while corn will gain about 5 percent a year as the growing

China Officials Say Won’t Yield to Yuan Pressure at U.S. Talks

May 20 (Bloomberg) -- Chinese officials said the nation won’t yield to global calls to end the yuan’s 22-month peg, damping speculation next week’s U.S.-China trade talks would trigger appreciation.China won’t succumb to external pressure and will modify the currency based on the economic situation, Assistant Finance Minister Zhu Guangyao said in Beijing today. Stability between the world’s major

Shanghai World Expo News in Brief

The following are highlights of latest developments in preparations for the upcomingWorld Expo 2010 in Shanghai:COLLECTIONS OF TWO GERMAN MUSEUMS TO BE DISPLAYED AT WORLD EXPOSome treasures from Berlin National Museum and a national artwork collections museum in Dresden as well as related replicas have been delivered to the "city-footprint" pavilion, one of the five theme pavilions for the