China's Tortious Liability Law (Tort Law) came into effect on 1 July 2010.

On 5 August 2010, the Supreme People's Court issued its "Provisions on Several Issues Concerning the Trial of Disputes Involving Foreign-Invested Enterprises"(SPC Provisions), following the circulation of a draft version of the law in November 2009.

Debt and growth revisited: In a paper presented last January at the annual meeting of the American Economic Association, Carmen Reinhart of the University of Maryland and Kenneth Rogoff of Harvard, the authors of the celebrated history of financial crises, This Time It’s Different: Eight centuries of financial folly; conceit and money, looked at the link between different levels of debt and countries’ economic growth over the last two centuries. One finding: countries with a gross public debt exceeding about 90% of annual economic output tended to grow a lot more slowly.

Western companies are increasingly counting on China to deliver growth not available elsewhere, but the country’s consumers remain reluctant to boost their domestic spending, according to a survey of consumer attitudes published by the Economist Intelligence Unit, the Financial Times reported. “Chinese consumers, both urban and rural, although optimistic about the future, remain big savers and cautious spenders, despite their government’s concerted effort to stimulate domestic demand,” the EIU said. In spite of a Rmb4,000bn ($589bn) stimulus package, targeted tax breaks and other in

I returned a few days ago from Kuala Lumpur, the capital of Malaysia, where the talk of the town – well, at least among economists -- is the “middle-income trap,” Time’s Curious Capitalist blog reported. What's that, you ask? A developing nation gets “trapped” when it reaches a certain, relatively comfortable level of income but can't seem to take that next big jump into the true big leagues of the world economy, with per capita wealth to match. Every go-go economy in Asia has confronted this “trap,” or is dealing with it now. Breaking out of it, however, is extremely difficult.