China restricts ‘virtual’ economies

As Internet-based economies edge closer to their real-world counterparts, one country is apparently trying to build a wall between the two. China has announced new rules that prevent “virtual currencies” like Linden Dollars and QQ coins from being traded for real cash.

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Michael Jackson’s music tops charts

In death, Michael Jackson is topping charts all over the world again. Jackson’s albums hold the top nine positions of Billboard’s “Top Pop Catalog Albums” chart, according to Nielsen SoundScan sales data released Tuesday. Jackson’s albums are not eligible for the current Billboard 200 chart, which is for newer albums

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Is a China Stock Bubble Forming?

When outlandish stock market events of 2009 are tallied up, the initial public offering in Hong Kong of Chinese herbal shampoo maker Bawang International will be a standout. Within 10 minutes of the June 22 opening of the subscription period for shares, one local brokerage, Bright Smart Securities, was swamped with the equivalent of $129 million in orders

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China’s ‘Green Dam’ unleashes flood of business complaints

China’s last-minute decision to postpone a controversial content-filtering application on computers sold there is the latest example of the trouble that Western technology companies face doing business in the world’s fastest growing economy.

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Yao Ming foot injury could ‘end career’

Tom Clanton, the team physician for the Houston Rockets basketball team has said the foot injury currently sidelining Chinese center Yao Ming could threaten the seven-foot-six-inch player’s career. “At this point, the injury has the potential for him missing this next season and could be career-threatening,” Clanton told the Houston Chronicle regional newspaper.

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