Thursday, December 16, 2004

Treasury´s Snow says US wants flexibility in China currency policy

WASHINGTON (AFX) - Treasury Secretary John Snow said that the US wants flexibility in China's exchange rate mechanism and that the best way to achieve that is to prod Beijing. Snow told reporters, however, that it is difficult for China to float the yuan directly. Complete article...

Sunday, December 12, 2004

A landmark move for China Inc.

Lenovo purchases IBM's PC Business. In a move that may have more to do with tapping the huge domestic market than reaching the U.S. or other regions, Chinese PC maker Lenovo purchased IBM this week. The $1.75 billion dollar deal is being hailed as China's biggest foray onto the global brand scene...