China’s regulators have been scrapping preferential treatment of local firm to win procurement contracts from the government, originally meant to strengthen indigenous innovation. “It is a sign the government is listening to the needs of foreign companies,” says Shaun Rein in the China Daily.
Nouriel Roubini via Wikipedia The famous economist Nouriel Roubini predicted the American financial crisis, and now says China is in trouble in 2013, writes Shaun Rein in CNBC. But he is dead wrong on basic trends on income, demographics and investment trends. Shaun Rein on the wages: Roubini also underestimates
Many do not return after CNY via Wikipedia Tudou.com founder Marc van der Chijs warns in his weblog that higher prices and wages is forcing businesses and people out of Shanghai and other larger cities in China, getting critical after Chinese New Year: For years prices have been rising steadily