Emerging Countries to Discuss Europe’s Debt Crisis

Emerging Countries to Discuss Europe’s Debt Crisis

For the Brics, the world has changed, five major emerging countries (Brazil, Russia, India, China, South Africa), will meet next week to see how they can help the euro area to overcome its current crisis. “The Brics will meet next week in Washington and we will discuss how to help the EU out of this […]

European Companies Complain About the Treatment

European Companies Complain About the Treatment

The Chinese authorities continue to discriminate against foreign companies, mainly for the benefit of local state-owned corporations. That is the conclusion of the European Union Chamber of Commerce in China, the EUCCC in Beijing yesterday presented its annual report, the European Business in China Position Paper 2011/12. The European Union Chamber of Commerce, which represents […]

Opel to Double Sales in Russia and China

Opel to Double Sales in Russia and China

The car maker Opel wants to increase its sales in Russia and especially China. Opel has been doing well in Russia, where it would double the sales of 60 000 cars soon. “And we look to China. there we would sell more in the future,” said Opel chief Karl-Friedrich Stracke, although there are also other […]

China Worried About Euro

China Worried About Euro

The Western governments has tradition of asking China for reforms. But lately the requests go in the opposite direction: the deeper the U.S. and Europe sink into economic problems, the louder and more confident Beijing warns that it is time for fundamental change. After the U.S. debt crisis, the Chinese commentators have been busy for […]

German Care Sector Demands Nurses from China and India

German Care Sector Demands Nurses from China and India

Because of the increasing number of people needing care in Germany, the private care providers have asked to be allowed to continue to recruit their staff in India and China. “There are not enough professionals in Germany.” Said Thomas Greiner, the head of the care employers’ association. Greiner demanded that the quota of nurses from […]

Rio Tinto: Record Profit but Below Expectations

Rio Tinto: Record Profit but Below Expectations

Mining giant Rio Tinto has delivered Thursday a result below the consensus despite record earnings in the first half, rising costs and currency effects have overshadowed the strong performance of metal prices. Buoyed by sales of iron ore to China, recurring profit jumped 35% to $7.8 billion over the six months to June against 8.03 […]

China Continues to Have Confidence in Euro Despite the Crisis

China Continues to Have Confidence in Euro Despite the Crisis

China continues to have confidence in the euro despite the worsening debt crisis and considers the European financial market as one of its “major investment destinations,” said Wednesday the foreign minister, Yang Jiechi (杨洁篪). Yang’s comments came after Beijing indicated it would continue to diversify its holdings of foreign currencies against the dollar, despite the […]

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