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The perils of private enterprise: In rural China, a private oil boom became a state-owned one

A VISITOR to Jingbian county in northern Shaanxi province finds at its heart a thriving oil town in the grip of a state-owned company, Shaanxi Yanchang Petroleum. Yanchang’s building, 12 storeys high, towers over the low-slung town. The company is

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Recruiting Interns: All work and no pay?

YOUNGSTERS enter the office of Inspiring Interns through what looks like a wardrobe door. The reference to C.S. Lewis’s “The Lion, the Witch and the Wardrobe” is deliberate: the company wants them to feel transported into a magical new world

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A Chinese Mines Manager Killed in Zambia

Zambian miners have killed a Chinese mines manager during a riot on Saturday by pushing a trolley at him at a coal mine. The miners went on a strike against the Chinese-owned mining company for delaying implementation of their new

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The Japanese tragedy

BRAD DELONG posts a question: “Japan is now 40 to 50 percent below what the world in 1991 would have estimated their GDP to be in 2012. Do we attribute this to: The forecasting community was just wrong–Japan was having

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Spain on the verge of asking for a full bailout

Spanish Prime Minister Mariano Rajoy has come closest to admitting he is considering a bailout after months of denials. Even now it has been expressed in a different tone, saying he would consider a full bailout for his country only

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Afghan businesses slumping due to insecurity and corruption

Construction companies say that construction works this year in Afghanistan have been greatly reduced compared to previous years. As the foreign forces withdrawal time is approaching, construction works have shrunk by 50%. Companies have expressed their concern about this issue

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