China gets its Claus out for Christmas
University students wearing traditional Chinese outfits hold banners reading “Boycott Christmas, Chinese people should not celebrate foreign festivals” in Changsha, central China’s Hunan province during an anti-Christmas street protest. - Agence France-Presse/Getty Images China’s ambivalent relationship with Christmas...
China: Fraud busters hunt down fake shoes, expired food
People exit a Wal-Mart Stores Inc. store in the Shekou district of Shenzhen, China. Companies such as Carrefour SA and Wal-Mart Stores Inc. said they’re working to improve food standards and supervision. Xu Dajiang spends at least three days a week in supermarkets in China scrutinizing products. He’s not shopping for bargains;...
China’s $1 trillion worth of unhedged foreign debt
The renminbi is heading for a 2.8 percent loss in 2014 as the dollar gains on Federal Reserve plans to raise interest rates and the People’s Bank of China cuts borrowing costs to support a flagging economy. (Dec 24, 2014) - UBS Group AG is flagging risks from China’s $1 trillion worth of unhedged foreign debt as forecasters...
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