The price of gold reduced to $1,225 per ounce last Thursday in Europe. This is largely due to the rise of Euro against the dollar, implying that many consider that it’s highly risky to have a strong appetite for assets at the expense of bullion. The State Administration of Foreign Exchange, or SAFE, located in [...]

Strikes continue to plague the Honda plants in China. This is already the second time in less than one month that strikes caused the plants to stop production. Tomorrow, two China factories will have to stop their car assembly production. These plants, which are located in Guangzhou in the province of Guangdong, will close because [...]

The Chinese government has now changed its mind about the internet. It now likes what it sees. Last Tuesday, they have called the internet, ‘the crystallization of human wisdom, the great scientific invention of the 20th century, an important indicator of advanced productivity’. This statement was published in a white paper they released entitled China’s [...]

Suntech Power Holdings Co Ltd is China’s biggest maker of solar panels. They plan to invest the equivalent of $393 million for a 1 GW production capacity that they will set up in Shanghai. This is because of the rising demand for solar panels in the next three years. It has been reported that the [...]

McDonald’s recalled all of its Shrek drinking glasses, after it was discovered to contain cadmium. These glasses were sold to promote the fourth installment of the movie Shrek in the United States. Cadmium is a very dangerous substance, even for tiny inhalations, as this can cause several complications, the most common of which is severe [...]

Workers in China protested, and the companies responded by increasing hefty pay. This is good news for China and the world, because it implies that the country is slowly leaning on towards the benefit of the workers. This is a good indication because it will lead to increase in domestic consumption. Aside from this, it [...]

China’s manufacturing increased slower than expected in May, as the reports indicated property sales drops in three major Chinese cities. This resulted in stock declines all over Asia as they speculate that China’s economy may slow. The manufacturing index, from which the figures are based on, is announced by China’s National Bureau of Statistics. The [...]

A trend is brewing in Chinese society. Workers are now demanding higher wages at a Honda plant. China’s economy is relentlessly moving in favor of their workers. The economy’s growth has favored business owners but it is slowly moving in a new direction. Labor shortages are seen to increase and the law of supply and [...]

China is now seeking to get even with President Barack Obama’s decision impose tariffs on their exported Chinese tires. What the Chinese government wants is to slash their American chicken imports! American traders are now worrying as they could lose their largest export market for chickens. The biggest number of exports on chicken to China [...]