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TIME Magazine Online: Top Business Stories 

Why They Build Mega Yachts In Central China — An Economic Mystery Story

This article is the second in Foroohar’s series on Chinese business developments and their effect on the global economy; read the first installment here. Wuhan, China — It’s tough to feel sorry for billionaires. But even they have taken a hit over the last five years, or so says Brad Bean, the managing director of Dynasty Yachts in Wuhan, China, which is a division of the Miami based Megayacht Gro

Reuters: Business News 

China May home prices rise at fastest pace this year

BEIJING (Reuters) - China's house prices rose at the fastest pace this year in May from a year earlier, though the pace of gains eased from the previous month, highlighting the dilemma facing the central bank as it balances the need to support the economy against holding down housing inflation.

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