Rationing has driven prices up so that a Shanghai plate costs nearly three times as much as a cheap Chinese car – but traffic congestion persists

Rather than rely on unsustainable quotas to curb exorbitant demand for property and cheap credit, China’s leaders must address its root cause – the low cost of capital. This will require China to raise interest rates to market-clearing levels, while maintaining some capital-account control.

Economist reports: IN 1999 Trudy Dai used to spend all night sending e-mails from her friend Jack Ma’s apartment, trying to answer queries from American customers without letting on that she was Chinese. Ms Dai was one of the first…

Report says that China is on course for a fourth consecutive decade of rapid growth, with 8.5% growth this year and 8.9% next year

THE price of oil fell 1 percent yesterday as the financial crisis in Cyprus overhung the market.

STOCKS closed lower on Wall Street yesterday after Oracle's weak sales results weighed down big US technology companies. Traders also worried about Cyprus running out of time to avoid bankruptcy.

Lenovo Group will reportedly build its corporate products research and development center in Taiwan for the first time and recruit about 50 employees, aiming to seize the server market. According to reports in Taiwanese local media, this is the group's…