The political relationship between the U.S. and China may be on the rocks with China's undervalued currency and the trade imbalance. But this relationship doesn't necessarily reflect the opinion of U.S. businesses in China, as Rob Schmitz reports.
For the first time, China's largest state bank is allowing its customers to trade its currency in the United States. And it has some people talking about the Yuan becoming a global currency. Rob Schmitz explains.
Until recently, Chinese homeowners didn't have to pay annual property taxes. But the government fears there's a property bubble, and to fight it, residents of Chongqing will begin paying property taxes.