I.M.F. Tells China of Urgent Need for Economic Change
The International Monetary Fund warned that China’s growth has slowed significantly in recent months and even its current pace of expansion may be unsustainable unless the country starts making significant and systemic changes to its economy soon.
China in billion drive to develop disputed East China Sea gas
Chinese state-run oil companies are investing billion to develop seven new gas fields in the East China Sea, possibly siphoning gas from the seabed beneath waters claimed by Japan, a move that could further inflame tensions between the two countries.
Magnetic CEO, Alibaba jackpot rejuvenate Yahoo
Not much had been going right for Yahoo until it lured Marissa Mayer away from Google to become its CEO last summer. The move is shaping up as the best thing to happen to Yahoo since 2005 when it invested billion in what was then a little-known Internet company in China, Alibaba.