A 60-year-old Shanghai man has been duped out of his savings after responding to a street advertisement for a healthy man to impregnate a rich woman in return for 1 million RMB. As if this wasn't humiliating enough, his friend has also taken him to court in order to retrieve the 6,000RMB he contributed towards the 'investment'. more ›

China wrote history this week after gaining approval for oil exploration in the Amu Darya Basin in Afghanistan, making it the first international oil deal made by Afghanistan with a foreign country in several decades. more ›

The President of China Investment Corp, Gao Xiqing, has made his way to the U.S. with Wei Christianson, CEO and Managing Director of Morgan Stanley China, sparking rumours that the Chinese sovereign wealth fund may buy up to 49% of the beleaguered investment bank. Gao has been scheduled to meet Morgan Stanley executives in San Francisco after the New York-based company plunged 42% after Lehman Brothers filed for bankruptcy and Merrill Lynch sold itself to Bank of America. more ›

"Until now, India has been the undisputed world leader in IT Outsourcing (ITO). Now the Indians are looking over their shoulders as China bids to overhaul their lead!" more ›