Asian governments should use their fiscal policy to combat the widening income gaps that are undermining decades of successful poverty reduction in the region, says the Asian Development Bank (ADB). "With inequality rising almost everywhere in Asia, governments need to urgently expand and improve their public investments in inclusive growth," says ADB president Takehiko Nakao […]

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The Asian Development Bank (ADB) has agreed to invest up to US$60 million in OrbiMed Asia Partners, a private equity fund focused on the healthcare industry in Asia, according to a release by the regional development bank. ADB's board approved the investment in OrbiMed's second Asian fund. OrbiMed Asia Partners II, L.P. is currently on the […]

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The country is about to eclipse the US as the largest economy but is still a long way from being the world’s dominant power

Hong Kong-based Chinese apparel supplier J.D. United Manufacturing Corporation Ltd. has received US$20 million from Hong Kong-based private equity firm EmergeVest, according to media reports. EmergeVest will take a stake of more than 10% in J.D. United Manufacturing after the transaction. EmergeVest also intends to inject a further US$20 million ahead of the company's IPO, […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.