China scoffed at U.S. accusations it was rigging its $30 billion chip market against U.S. imports, which could result in the first complaint lodged with the WTO against the world's sixth-largest economy.
Arcelor has jumped on board a $785 million venture with Baosteel and Nippon Steel to supply China's booming auto sector, its first major drive into a region some say is threatened by a margin-slicing glut.
Metro AG, the world's fifth largest retailer, said Monday it will spend close to $700 million to open 40 new stores in China over the next five years, girding itself for battle in Asia's second-largest retail market.
China and Russia have not only underscored strategic ties through a new $150 billion oil supply deal after years of wrangling, they have also set back neighboring Japan's efforts to quench its thirst for oil.
China's plan to open its primary share and bond markets to foreigners for the first time is unlikely to unleash a flood of money, but will spark reform and help clean up problem-ridden bourses, analysts said Tuesday.