The Chinese successfully completed their spacewalk and safely returned its three astronauts.
China is far from done though. China is planning to launch a space laboratory in 2011, a mannedspace station, and landing a man on the moon.
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From the monthly archives:
September 2008
A report from the Global Carbon Project showed that China has leapfrogged past the U.S. to become the largest producer of carbon dioxide gas inthe world.
India, by the way, is #3.
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After the Asian financial crisis in the late 1990’s, Alan Greenspantold Asians that they must accept that “market capitalism, as practiced in the West, especially in the United States,is the superior model.”
You might have a hard time finding any Asians to agree with that characterization today.
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Asian sales jumped by 36% to $861 million for Nike in the third quarter.
Nike gets more than 50% of its sales from outside the U.S.
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The number of millionaires in China grew 20% in 2007 to 415,000. That number is second onlyto Japan.
Want to make some money? Figure out on what those Chinese millionaires are spending their money on.
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Chinese stocks hit a three-week high defying the global bear market affecting everybody else.
20 Chinese companies have bought back shares since Chinese regulatorsannounced moves to encourage the practice.
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I keep waiting for Japan to bottom but this is one of the most troubling statisticsI’ve seen about Japan.
Japan reported its first August trade deficit in 26 years.
The problem was slowing exports to the U.S. and rising imports of foreign oil.
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Iron ore giant Vale has stoppedshipping to China over a pricing dispute.
Vale knows that China desperately needs iron ore, butVale is making the mistake that they can’t be replaced. BHP Billiton and Rio Tinto will be happy to take theirplace.
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China Architectural Engineering (Nasdaq:CAEI) upped its Q3 revenue and profits guidance.
The reason for the optimism is simple: CAE’s business outside of China is booming. The revenue mix between China and international is now roughly 50%-50%.
High-priced U.S. architects should be worried because Chinese engineers are undercutting the heck out of them. Qualityworks at a fraction of [...]
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If you can’t beat ‘em….cut your price.
Microsoft slashed the price for Office 2007Home and Student Edition in China to 199 yuan ($29)from 699 yuan ($102).
“With this price, we believe more customers can enjoy authorised software products,” said Microsoft.
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