Chinese wealth dwindles, richest man "spends $20 a day"
September 25th, 2012
China’s richest are slowly losing their billions according to the Hurun Rich List’s annual report released Monday. Hurun said the number of Chinese billionaires dwindled to 251, down 20 from last year. Still, the present figures are a sharp contrast to figures in 2006 when there were just 15 Chinese worth $1 billion or more. …
China's job market cracks under pressure
July 12th, 2012
China’s job market is showing cracks under the pressure of an economic slowdown, Financial Times reports. The government plans to intensify fiscal spending, such as investment projects and cutting interest rates, to keep unemployment under control. While the labour market is currently holding up, analyst say that the situation may change overnight. Citi economist Ding …