There can be little debate that China’s economy has made tremendous progress over the last decade, implementing market reforms that have brought the world’s most populous nation closer to “developed” status. But there are many areas of China’s economy that remain far behind those of western Europe and the U.S. The slow development of China’s Internet industry is perhaps best evidenced by the struggles that Google has experienced in the country. “Google was going to help democratize data in China,” writes Tom Krazit. “Instead, about three years after entering the Middle Kingdom, the search company still finds itself in an uncomfortable working relationship with government censors.” [click to continue…]
After growing at a torrid pace in 2008, the ETF industry had showed signs of slowing down through the first four months of 2009. But May represented a return to old form, with more than $14 billion in new assets flowing into ETFs during the month according to Morningstar, the largest monthly inflow of the [...]