Foreign business investors are finding it still difficult to ever do business in China, in spite of the hope that it is China that will pull the world out of the recession.
Foreign business isn’t exactly booming in China. “China accounts for less than 2% of the global sales of drugs giants such as Pfizer, AstraZeneca [...]

In a new agreement, giant pharmaceutical multinationals GlaxoSmithKline Plc and Pfizer Inc., the two leading developers of AIDS drugs, set up a joint company to develop drugs against HIV. This new company will hold nearly a fifth of the market for treatments against the virus. Glaxo will initially have an 85 percent stake in the [...]