CHINA

Fed's QE2 had limited spillover effects, IMF says

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The U.S. Federal Reserve's much criticized bond buying spree had only mild side-effects on other economies but the process of tightening monetary policy eventually may reverberate more harshly, an IMF report said on Monday.

'Thanks to Fed?s War on Dollar, Gold will Reach $2K an Ounce This Year'

Gold bars are pictured
Another impasse at the U.S. debt ceiling talks caused gold to touch new highs on Monday. Spot gold rose to a record $1,622.49 per ounce, an increase of 1.1 percent, as investors became nervous about the possibility of a U.S. rating downgrade. There are analysts who believe that irrespective of whether there will be a debt deal in the U.S. or not, gold will continue to rise higher, basically because of the residual weakness of the dollar.
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GE moving top X-ray executives to China

General Electric Co is moving its global X-ray headquarters to China from the United States as part of the largest U.S. conglomerate's overall drive to boost its presence in big emerging markets.
A high speed bullet train runs past a railway bridge past carriage wreckage (below) after two trains crashed and derailed in Wenzhou, Zhejiang province July 25, 2011. China sacked three senior railway officials on Sunday after a collision between two high

China's effort to muzzle news of train crash sparks outcry

Government directives demanding journalists not question official accounts of a deadly high-speed train crash in eastern China are fueling public anger and suspicion about conflicting details of the accident, such as the death toll.
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Clinton seeks to reassure Asia on U.S. debt

Secretary of State Hillary Clinton sought to reassure Asian investors over U.S. debt worries Monday, saying she was confident President Obama would ultimately reach a deal with congressional leaders to prevent a catastrophic default.
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Chinese city orders two fake Apple Stores to close

Chinese officials in Kunming have ordered two fake Apple shops to close, not because of piracy or copyright concerns, but because the stores in the southwestern city did not have an official business permit.
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China's Bullet Train Crash: Train Wreckage Buried As Bodies Fall Out [VIDEOS & PHOTOS]

Saturday night, two bullet trains collided near Wenzhou, killing at least 43 and injuring 210. Against the government's explanation, competing narratives and video clips then emerged, reporting that the ministry was burying parts of the train wreckage near the site. Videos show at least two bodies falling out of the carriages as they are handled.
Anders Behring Breivik

Philosophy of Oslo Killer: Excerpts from Anders Breivik?s Manifesto

If Anders Breivik were not a mass killer he would have been an academic of quite some substance -- it is with commanding flair that he flits from one philosopher to another in his raving 1500-page thesis against multiculturalism in Europe, the idea of political correctness and the perceived Islamization of Europe. His thesis contains some of the most potent and abrasive tirades against multiculturalism to this date. Drawing on his conviction that an Islamic colonization of Europe is taking place...
Chinese City Orders Two Fake Apple Shops to Close

Chinese city orders two fake Apple shops to close

Chinese officials in Kunming have ordered two fake Apple shops to close, not because of piracy or copyright concerns, but because the stores in the southwestern city did not have an official business permit.
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China Fake Apple Store Managers Claim Products Are Real

Investigations are underway as over four retail shops, in the southern Chinese city of Kunming, were discovered to be posing as fake Apple stores. Customers and even staff were fooled by the Apple products, whether they were real or selling fakes counterfeit versions. The store itself has been impressive in terms of decorating and matching furniture to legitimate Apple stores.
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Japan automakers' Q1 hit by quake

Quarterly earnings at Asian automakers will show Japanese automakers at their worst after the March 11 earthquake disrupted parts supplies, while South Korean rivals charged ahead with sales gains in major markets.
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Chinese city orders closures of two fake Apple shops

Chinese officials in Kunming ordered two fake Apple shops to close, a local newspaper reported on Monday, an apparent reaction to a storm of media attention about an unauthorized and elaborate hoax store in the southwestern city.
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Analysis: Apple juggernaut to see more China gains

Apple is set to exponentially grow its China business as the country's No.1 and No.3 telecom operators jostle to stitch up deals to sell iPhones in the world's largest mobile phone market, home to more than 900 million subscribers.
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China, Iran eye barter plan to bypass US sanctions-FT

Iran and China are discussing using a barter system to exchange Iranian oil for Chinese goods and services, as U.S. sanctions have blocked China from paying at least $20 billion for oil, the Financial Times said.
China, Counterfeit Haven Creates Fake Apple Store and More (Photos)

China, Counterfeit Haven Creates Fake Apple Store and More [PHOTOS]

The recent revelation of fake Apple stores located in the southwestern Chinese city of Kunming,Yunnan highlights its infringing patents and copyrights culture. Visitors are fooled by elaborately constructed replicas of commercial products in China known as a counterfeit haven.

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