Category Archives: China

The tectonic plates of the global economy are shifting as China attempts to bolster domestic demand through wage increases.  Bloomberg cites a report in the South Morning China Post, China plans to increase its minimum wage by at least 20 … Continue reading →

In early July, Hart Davis Hart Wine Co. began advance sales of Château Lafite Rothschild’s 2009 Bordeaux at $18,000 a case. Within four days, the Chicago-based retailer and auction house had sold out. But its supplier’s price had risen, and … Continue reading →

Beijing says inflation is 3.3 percent. But workers in China find life a lot pricier than official statistics suggest – Bloomberg