When entrepreneurs in China seek financing for their projects they often turn to the informal credit market because the state-owned finance channels tend to prefer state-owned firms. Wenzhou is a manufacturing capital in China that produces everything from cigarette lighters to tennis shoes – its economy is both a shining example of how far China [...]
Archive | November 22nd, 2011
The City of Wenzhou’s Rise as a Manufacturing Capital with Informal Credit Markets.
Posted on 22 November 2011.
Posted in Global Economy1 Comment
Myanmar’s Aung San Suu Kyi to Run for Parliament to Represent Her Party, the National League for Democracy.
Posted on 22 November 2011.
Myanmar’s famed freedom fighter and long time house bound political prisoner, Aung San Suu Kyi, has challenged her party, the National League for Democracy, to contest all seats in the upcoming parliamentary elections in a change from the party’s previously non-participative stance regarding Myanmar’s government. Originally Aung San Suu Kyi ran in 1990 and her [...]
Posted in World0 Comments
President Saleh of Yemen Has Agreed to a Transfer of Power.
Posted on 22 November 2011.
The nation of Yemen has been locked in a political crisis since January 2011. Negotiations between President Saleh’s regime and the opposition has reportedly led to an agreement for Ali Abdullah Saleh to transfer power to his deputy minister Abdrabuh Mansur Hadi in an act that will bring 33 years of uninterrupted rule over the [...]
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