By  Brenda Fong, Wells Fargo Branch Manager

Far from the frugality and conservation that prevailed during the Great Depression, kids these days focus on spending, spending and more spending!  Even parents who aim to teach their children about finances through an allowance may find their lessons overshadowed by stronger messages from advertising or peers.  Unfortunately, the result is that by the time they graduate from high school, most young people know all about spending and very little about saving or spending wisely.

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Passage will hurt the interests of both countries, Chinese officials say

BEIJING - China's government will not sit by and will retaliate in kind against the United States if a measure targeting the yuan becomes law, said the Ministry of Commerce on Monday.

Labor cost evaluations the huge bugbear in planning for 2012

Posted on October 24, 2011 by China Briefing

Op-Ed Commentary by Chris Devonshire-Ellis

Oct. 24 – One of the main problems facing businesses in China today remains the uncertainty factor. Getting that out of China's commercial creed is proving a tough nut to crack, and before he upped sticks from Beijing to become a U.S. Presidential candidate, Jon Huntsman reiterated the same to me a year ago at the Economist China Conference.

By Zhao Zhongxiu & Sun Jingying

China's sustained trade surplus has produced concern in many quarters recently and has triggered calls from some countries, notably the [United States], pressing China to revalue its currency and to rein in policies supportive of its domestic industries. However, analysis shows that China's trade surplus, which has kept increasing for about 20 years, is the result of China's reform and opening-up drive and of introducing preferential policies to attract investment: It has little to do with the RMB exchange rate.