China's led bubble light Li-Ning opens flagship store in Singapore
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China's Li-Ning opens flagship store in SingaporePublished: 21 Jul 2009 22:13:23 PST<p class="authorInfor"></p><!--begin CK content--><ul class="narrow">Top 5 News From ChinaKnowledge.comHSBC approved to set up branch in TaiyuanJPMorgan cuts shareholding in two Chinese firmsChina set to transport 20% more domestic air passengers this yearHang Lung Properties raises investment in Jinan ProjectChina Int'l Travel Service wins CSRC approval for Shanghai IPO<P>Jul. 22, 2009 (China Knowledge) - Chinese sportswear giant Li Ning Co Ltd<2331>, founded by top China gymnast Li Ning, has set up a flagship store in Singapore's newest shopping mall, Ion Orchard, according to a statement by Singapore's Ministry of State for Trade and Industry.</P><P>Singapore offers excellent access to the growing market for sports and lifestyle products and services in the region, said Lee Yi Shyan, Singapore's Minister of State for Trade and Industry, at the opening ceremony. </P><P>The company established a branch office in Singapore in 2009 to expand in the overseas market. </P><P>The company plans to open between 70 and 100 outlets in Southeast Asian countries such as Singapore, Malaysia and Indonesia. The popularity of sports in those countries indicates large development potential for the company, said Li-Ning's CFO Yik Kay Chong. </P><P>The company will continue to focus on the domestic market while developing overseas markets, said Chong, adding that the domestic sportswear market will maintain a double digit growth in the next five to ten years. </P><P>Li-Ning also plans to expand its business to Europe and the U.S. to compete with sportswear giants such as Adidas and Nike. </P><P></P>
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China's led bubble light Li-Ning opens flagship store in Singapore
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China Ov lanyard erseas Land achieves whole-year sales target in 10 months
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China Overseas Land achieves whole-year sales target in 10 monthsPublished: 05 Nov 2009 01:08:10 PST<p class="authorInfor"></p><!--begin CK content--><ul class="narrow">More From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial Market<P>Nov. 5, 2009 (China Knowledge) - China Overseas Land & Investment Ltd<0688>, a real estate subsidiary of China Overseas Holdings Ltd, has achieved its sales target for 2009 in the first ten months of this year, according to chairman Kong Qingping.</P><P>As of the end of October, the developer reaped RMB 38 billion by selling properties totaling 4.3 million square meters, a revised target that the company set in August. Previously, the company aimed to sell 3.5 million sq m of property for the whole year.</P><P>In October alone, the company acquired four pieces of land in Foshan, Chongqing, Shenyang and Changchun respectively, with the total GFA of 5.23 million sq m. In the Jan.-Oct. period, the company's total new land acquisitions amounted to 9.37 million sq m. </P><P>Shares of the Hong Kong-listed firm fell 1.19% to HK$16.56 in the morning trading.</P>
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MOF to i Safety Glasses ssue RMB 27.34 bln in book-entry T-bonds
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MOF to issue RMB 27.34 bln in book-entry T-bondsPublished: 12 Nov 2009 01:11:15 PST<p class="authorInfor"></p><!--begin CK content--><ul class="narrow">More From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial Market<P>Nov. 12, 2009 (China Knowledge) - China's Ministry of Finance announced yesterday that it will issue RMB 27.34 billion worth of one-year book-entry treasury bonds in the period from Nov. 12 to Nov. 16.</P><P>The bonds, this year's 28th batch, will have a coupon rate of 1.44% and will become tradable on Nov. 18, said the MOF in a statement published on its website.</P><P>Interest will be calculated from the date of purchase.</P><P>The principal and the interest will be paid on Nov. 12, 2010 when the bonds mature, according to the statement.
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Carlyle electronic gadgets invests in 3 Chinese high-growth enterprises
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Carlyle invests in 3 Chinese high-growth enterprisesPublished: 22 Nov 2009 22:45:58 PST<p class="authorInfor"></p><!--begin CK content--><ul class="narrow">More From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial Market<P>Nov. 23, 2009 (China Knowledge) - Carlyle Group, a global private equity investment firm based in Washington D.C., on Thursday said it invested more than US$60 million in three Chinese high-growth companies, four months after it closed its US$1.04-billion Asia growth fund, Carlyle Asia Growth Partners IV, sources reported. </P><P>Carlyle said in a statement that the three Chinese companies are Nantong Rainbow Heavy Industry Co, a supplier of ship components and large port and marine-related steel structures, agricultural firm China Agritech Inc, and online travel services company iTour.
Wayne Tsou, managing director and head of Carlyle Asia Growth Group, said all three companies have sustainable business models though they are from different sectors. </P><P>In September, Carlyle invested US$20 million in Shenzhen Ellassay Apparel Industrial Co, a high-end Chinese women's fashion house. The investment will help the Chinese company conduct design innovation, branding building, management upgrading and marketing activities, according to an earlier report from China Knowledge.
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Chinese casual wedding dress stocks open 0.41% lower on Fri
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Chinese stocks open 0.41% lower on FriPublished: 07 May 2009 17:53:16 PST<p class="authorInfor"></p><!--begin CK content--><ul class="narrow">Top 5 News From ChinaKnowledge.comCITIC-Prudential Life Insurance mulls A-share listing in 2012Everbright Securities sees Q1 profit up 20%Number of visitors to Hong Kong up 1.8% in Q1Ping An Property issues RMB 2 bln in subordinated bonds in AprSichuan's quake donations reach RMB 15.75 bln<P>May 8, 2009 (China Knowledge) - Chinese stocks opened lower on Friday morning, tracking overnight losses on Wall Street.</P><P>The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, opened at 2,586.76 points, down 0.41% or 10.69 points from the previous closing.</P><P>The Shenzhen Component Index on the smaller Shenzhen Stock Exchange opened 0.94% or 94.69 points lower at 10,014.25 points.
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Shimao P massage in beijing roperty hit RMB 4.55 bln in Q1 sales revenue
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Shimao Property hit RMB 4.55 bln in Q1 sales revenuePublished: 07 Apr 2009 22:36:19 PST<p class="authorInfor"></p><!--begin CK content--><P>Apr. 8, 2009 (China Knowledge) - Shimao Property Holdings Ltd<813> recorded contracted sales revenue of RMB 4.55 billion in the first quarter of this year, an amazing year-on-year increase of 346%, and has already accomplished more than 30% of the sales goal this year, sources reported.</P><P>In March, sales revenue of the Hong Kong-listed firm was RMB 2.88 billion.</P><P>From January to March, Shimao Property's contracted sales area totaled 457,600 square meters, soaring 285% from the prior year. </P><P>The real estate enterprise signed an agreement with Agricultural Bank of China on Mar. 20 to acquire a credit line of RMB 15 billion. </P><P>On Apr. 7, the company predicted a loss for last year due to revaluation of investment properties.
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City Int Oil canvas roduction of Yunnan, China: Diqing
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City Introduction of Yunnan, China: DiqingPublished: 10 Apr 2009 15:30:33 PST<p class="authorInfor"></p><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt">Major Economic indicators (2007)<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /></P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 10pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-char-indent-count: 1.0" align=left>Land Area</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan" align=left><?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:chmetcnv w:st="on" TCSC="0" NumberType="1" Negative="False" HasSpace="True" SourceValue="23870" UnitName="km">23,870 km</st1:chmetcnv>2</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 10pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-char-indent-count: 1.0" align=left>Population</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan" align=left>374,500</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 10pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-char-indent-count: 1.0" align=left>GDP</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-pagination: widow-orphan" align=left>RMB 4.4 billion (US$585 million), 19.5% up</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 10.05pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-char-indent-count: 1.0" align=left>GDP Composition</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 10pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-char-indent-count: 1.0" align=left>Primary Industry (Agriculture)</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt">15.7%</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 10pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-char-indent-count: 1.0" align=left>Secondary Industry</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 10pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-char-indent-count: 1.0" align=left>(Industry&Construction)</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt">37.5%</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 10pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-char-indent-count: 1.0" align=left>Tertiary Industry(Service)</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt">46.8%</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 10pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-char-indent-count: 1.0" align=left>GDP Per Capita</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt">RMB 11,797 (US$1,568)</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 10pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-char-indent-count: 1.0" align=left>Unemployment Rate</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt">4.0%</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 10pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-char-indent-count: 1.0" align=left>Fixed Asset Investment</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt">RMB 5.3 billion (US$705 million), 25.7% up</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 10pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-char-indent-count: 1.0" align=left>Utilized FDI</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt">N.A.</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 10pt; TEXT-ALIGN: left; mso-pagination: widow-orphan; mso-char-indent-count: 1.0" align=left>Total Import & Export</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt">N.A.</P><P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 10乳化机 深圳装修公司 乳化机 FX 初心者 ショッピング枠 現金化 クレジットカード 現金化 口コミ 短信群发 即日 現金化 深圳南山搬家公司 -
China st basket montante arts trading on Nasdaq-style GEM
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China starts trading on Nasdaq-style GEMPublished: 29 Oct 2009 19:02:01 PST<p class="authorInfor"></p><p>The open-market ceremony for the 10-year wait for China's Nasdaq-style Growth Enterprises Board (GEB) was held in Shenzhen Friday and the first batch of 28 companies that were listed on the Growth Enterprises Market (GEM) start trading Friday.</p><p>Zhou Xiaochuan, president of the People's Bank of China, Liu Xinhua, vice-chairman of the China Securities Regulatory Commission (CSRC) and other leaders from the central bank, the CSRC and local governments attended the opening ceremony.</p><p>The first batch of 28 firms meet the requirements of high gross margins, high rates of return (ROE) and high growth of operating revenues, high technological innovation and clear development targets, and fully embody the features of “high technology and high growth”.</p><p>As the GEB gains recognition from the market, the total amount of funds the 28 companies jave raised is 15.478 billion yuan.</p><p>Meanwhile, the 28 companies have made a commitment that the raised funds will be deposited in a specific account and will decide how to use these funds after trading for six months.</p><p>The CSRC has paid close attention on the risks of speculation and strives to improve the regulatory system and strengthen supervision.</p><p>On the first trading day, shares of movie production company Huayi Brothers Media Corp. soared the most, up 122.74 percent from its IPO price, to open at 63.66 yuan per share.</p><p>Zhongyuan Huadian Co. Ltd. had the smallest gain of 46.26 percent from its IPO price to open at 47 yuan per share.</p><p>Backgrounder</p><p>China issues rules for investors on GEB marketGuidelines on China Nasdaq-style GEB released</p><p>Milestones</p> Date Events July 1, 2009 China issues rules for investors on GEB market July 26, 2009 108 companies file papers with GEB August 14, 2009 Issuing and auditing committee for GEB established
September 17, 2009 GEM starts listings September 18, 2009 China approves another six firms' applications for listing on Nasdaq-style market September 21,2009 China OKs four more firms for second board, vetoes one Septemer 27, 2009 Film producer Huayi Brothers plans IPO October 23, 2009 China's NASDAQ-style board launched in Shenzhen October 26, 2009 Guidelines on China Nasdaq-style GEB released <p>
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Parent p evening dress ledges 100 mln shares in Xinhu Zhongbao
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Parent pledges 100 mln shares in Xinhu ZhongbaoPublished: 25 Feb 2009 00:00:00 PST<p class="authorInfor"></p><!--begin CK content--><P>Feb. 25, 2009 (China Knowledge) - Xinhu Group, a Zhejiang-based company, pledged 100 million shares in its property subsidiary, Xinhu Zhongbao Co Ltd<600208>, to Jiangxi International Entrust Funding Stockholding Co Ltd, sources reported. </P><P>Xinhu Group will probably raise 60% to 70% of the value of the current value of the shares, which closed at RMB 6.14 per share yesterday, and thus could bring RMB 184 to RMB 246 million, an industry insider noted.</P><P>In addition, the group will also receive dividends totaling around RMB 1.353 billion from its two listed property arms Xinhu Zhongbao and Zhejiang Xinhu Venture Investment Co Ltd<600840>. </P><P>The parent group currently holds 2.167 billion shares in Xinhu Zhongbao, accounting for 76.8% of the company's total outstanding shares.
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The Link interlining REIT rents office spaces in Landmark East
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The Link REIT rents office spaces in Landmark EastPublished: 15 Sep 2009 00:36:59 PST<p class="authorInfor"></p><!--begin CK content--><ul class="narrow">Top 5 News From ChinaKnowledge.comShenzhen OCT, China Merchants Property buy land in ShenzhenAcer PC shipment soars in Q2Citigroup retains "buy" rating for China Overseas LandChina's iron ore imports down 14.5% in AugBrilliance Auto may sign with Daimler, Toyota<P>Sep. 15, 2009 (China Knowledge) - The Link Real Estate Investment Trust<0823>, the first REIT listed on the Hong Kong Stock Exchange, has finalized the contract on leasing the office space in Landmark East in Kwun Tong, Kowloon.</P><P>The Link REIT, whose property portfolio comprises 180 retail and car park facilities across Hong Kong, has rented two and a half stories of Landmark East, with an area of 40,000 square feet. The rental is around HK$13 per square foot.</P><P>The comfortable working environment and the relatively low rental are the main reasons that The Link REIT rented the place. The management company of The Link REIT currently works in an office building in Wong Tai Sin Ching Tak Street, which used to be a multi-story car park.</P>
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Shimao l spiral wound gasket aunches carnival project in Wuhan
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Shimao launches carnival project in WuhanPublished: 07 Sep 2009 01:24:56 PST<p class="authorInfor"></p><!--begin CK content--><ul class="narrow">Top 5 News From ChinaKnowledge.comNanjing to build LCD panel industry cluster in 5 yearsHang Seng Index opens 184 points higher on MonPetroChina completes Singapore Petroleum buyoutHuntsman mulls acquisition of China chemical plantsYanlord Land's Chengdu project to open this year<P>Sep. 7, 2009 (China Knowledge) - Shimao Property Holdings Ltd<0813>, which is engaged in real estate development, investment and hotel operation, on Friday signed an agreement on a property project in Wuhan with the local government, sources reported.</P><P>The project, a huge complex to be called Shimao Carnival, will cost RMB 40 billion and cover an area of 8 million square meters. Construction is scheduled to start by the end of this year and will be completed within five years.</P><P>The complex will comprise facilities for tourism and leisure, but will also be home to business, exhibition and commercial facilities as well as housing. It will be able to handle 20 million tourists annually and will provide 100,000 jobs. It is expected to generate RMB 10 billion in revenue per year.</P><P>Shanghai-based Shimao Property earlier said its contracted sales of apartments jumped 200% year on year to RMB 13.2 billion in the first half of 2009. The sales represented about 77% of its annual target of RMB 17 billion for 2009.</P>
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China to plastic business card buy IFC's private equities
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China to buy IFC's private equitiesPublished: 24 Mar 2009 02:22:13 PST<p class="authorInfor"></p><!--begin CK content--><P>Mar. 24, 2009 (China Knowledge) - China and the International Financial Corp (IFC), the private-sector lending arm of the World Bank, reached a primary agreement on buying the latter's private equities in a bid to boost trade finance, the Shanghai Daily reported, citing Li Yong, China's vice finance minister.</P><P>However, the vice minister did not disclose how much credit China would buy.</P><P>The global shortage of trade finance has increased to an expected US$100 billion from US$25 billion in November, 2008, according to data released at a World Trade Organization meeting in Geneva in March this year.
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China bu brake rotor ilds 1st railway tunnel across Tianshan Mt
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China builds 1st railway tunnel across Tianshan MtPublished: 29 Dec 2008 22:30:31 PST<p class="authorInfor"></p><!--begin CK content--><p>Dec. 30, 2008 (China Knowledge) - A 13.6-km tunnel, the first one that runs across northern Tianshan Mount Range, has completed construction on Dec. 28 after four years' efforts, the official Xinhua News reported. </p><p>This tunnel links up Jinghe, Yining and Korgas, in western Xinjiang Ugyur Autonomous Region and is part of the second railway that connects China and Central Asia after the Urumqi-ALataw Pass railway.</p><p>The total length of the planned railway is 285 km, and the rail-laying work in the tunnel will start next March.
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FEATURE- chaussure à talon China sculpture boomtown goes bust from global slowdown
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FEATURE-China sculpture boomtown goes bust from global slowdownPublished: 25 Mar 2009 17:23:50 PST<p class="authorInfor"></p><p> QUYANG, China March 26 - Greek and Roman godslanguish in crates, Caesars and saints line quiet showrooms,angels watch over an idle street, waiting for the buyers whostopped coming to this dusty Chinese county.</p> <p> Quyang, capital of China's once-thriving sculpture exportindustry, has fallen on hard times since the global slumpsnuffed out orders for the European-style statues, busts andcarvings that this barren corner of Hebei province has made itsspecialty.</p> <p> Ornate statues of Jesus and Mary, ancient deities and RomanCaesars and generals now far outnumber the workers who chiseland grind away without masks despite the thick dust.</p> <p> This county 240 kilometres (150 miles) southwest of Beijingflourished by cheaply remaking antiquity, and now it faces itsown endurance test during a long sales drought.</p> <p> "We're just trying to survive until the crisis passes,"said Cao Jinming, watching as masons in his workshop finishedtwo reliefs of Christ's Last Supper destined for Europe.</p> <p> Cao and many residents of Dangcheng Township, the centre ofQuyang's sculpture exports, bore scarred hands and prematurelywrinkled faces coated with talcum-like dust, the price of alife spent handling stone.</p> <p> "We've cut workers, we've cut prices, we're making piecesthat are simpler. But it's still difficult," Cao said, pickingaround saints, bishops and busts of the late Pope John Paul IIon his floor. "The profit margin has disappeared to near zero."</p> <p> But if Quyang (pronounced Chew-young) is a microcosm ofChina's trade woes, it also shows the hardiness likely to helpmany companies here survive a downturn that would probablyforce their Western counterparts into bankruptcy.</p> <p> Sacked workers have often retreated home to nearby farms,receiving no welfare or pay-offs while waiting for orders topick up, locals said. Managers are turning to domesticcustomers, and hope the central government's spending planswill bring business from cities using the money to sprucethemselves up.</p> <p> "I used to sell to Italy, Russia, Japan, all over theworld," said Peng Aiyi, a 41-year-old sculpture trader. He haswon no orders from abroad so far this year. "Now we're tryingto open up the domestic market. That's how I'll survive."</p> <p> He was preparing to send off a dozen Romanesque statues ofbare-breasted men and woman in robes, clasping grapes, which hesaid had finally found a buyer, a small city in northeastChina.</p> <p> "Selling to domestic customers isn't so easy," he said."Tastes differ here and some folks find this style a bitstrong."</p> <p> FROM ANCIENT DEITIES TO CHAIRMAN MAO</p> <p> With a rocky hillscape specked with goat herds, Quyangappears an unlikely corner of China's export take-off. But likeother clusters of specialisation, its history helped itsascent.</p> <p> The county traces its sculpting skills back to the HanDynasty (202 BC-220 AD). That tradition created a bedrock ofskills that survived war and revolution and paid off whencustomers from Italy began arriving in the 1990s.</p> <p> Masons set themselves to mastering the needs of foreigners,cribbing from sculpture textbooks and photos they still use torecreate the Renaissance. Their skills, now rare and costly inItaly, and the ease of the Internet brought a torrent of ordersfrom Europe and North America.</p> 管理咨询 同声传译 门禁 クレジットカード 現金化 口コミ ペニーオークション 电磁流量计 深圳装修 滤油机 -
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Business roundup September 22thPublished: 21 Sep 2009 08:02:01 PST<p class="authorInfor"></p><p>Domestic travel booms </p><p>Thriving domestic tourism has offset the negative impact of a declining number of inbound travelers during the first half of this year, an official said on Monday.</p><p>Hurt by the global financial crisis and widespread A(H1N1) influenza, the number of foreign tourists visiting China declined 8 percent in the first six months compared to the same time last year, said Du Jiang, deputy head of the National Tourism Administration (NTA) at an industry meeting in Hangzhou, capital of Zhejiang Province.</p><p>Up to one billion domestic trips were made during the first half, up 12 percent year on year, countering the negative impact brought about by the financial crisis, he said.</p><p>Tourism revenue increased 11 percent to 497.9 billion yuan ($73.22 billion) in the same period.</p><p>Listing plan reviewed </p><p>Hebei Iron & Steel approached the end to its overall listing plan yesterday as the China Securities Regulatory Commission began to review important assets of its three listed arms.</p><p>Handan Iron & Steel, Tangshan Iron & Steel (TIS), and Chengde Xinxin Vanadium & Titanium suspended trading from September 17.</p><p>Hebei Steel unveiled its overall listing scheme in December 2008, under which TIS would become its only listed vehicle, after absorbing the other two listed arms through a share swap.</p><p>Agencies</p><p align=center> Explore the World, Understand China!
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Huawei t Circuit breaker suppliers o deploy Europe's first GSM/UMTS converged network
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Huawei to deploy Europe's first GSM/UMTS converged networkPublished: 29 Jun 2009 00:31:01 PST<p class="authorInfor"></p><!--begin CK content--><ul class="narrow">Top 5 News From ChinaKnowledge.comHTC's U.S. handset sales likely to rise 50% in 2009China, Arab nations to set up energy co-op mechanismHaier Group raises shareholding in Qingdao Haier to 44.58%China's industrial profits down 22.9% in Jan-MayHuawei wins LTE supply contract from Norway's TelenorJun. 29, 2009 (China Knowledge) - Huawei Technologies Co Ltd, a major telecom equipment vendor in China, announced on Friday that it has won a contract from Finland's TeliaSonera AB to deploy Europe's first GSM/UMTS converged network based on Software Defined Radio (SDR) technology.Under the contract, Huawei will deploy its SingleRAN solution which will allow TeliaSonera to simultaneously provide its subscribers in Finland with high-quality GSM and UMTS services using the same 900 MHz spectrum.
Huawei will also upgrade TeliaSonera's existing GSM network with SDR-enabled base stations and additional equipment including radio network controllers, base station controllers and operating support systems.
TeliaSonera expects Huawei's SingleRAN solution to help it achieve its goal of providing an up-to-date mobile broadband experience for its customers and to support the fixed-to-mobile migration in rural areas of Finland.
Huawei this year aims to maintain steady growth and to sign US$ 30 billion worth of contracts as compared to US$ 23 billion in 2008. Its net profit grew 20% to US$ 1.15 billion in 2008 from US$ 956.9 million a year earlier.
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Chinese automakers show brands at Thailand's auto showPublished: 08 Dec 2009 20:02:01 PST<p class="authorInfor"></p><p style="text-align: center"></p><p>At Thailand's International Motor Expo 2009, visitors check out Chery's QQ vehicles, in Bangkok, December 8, 2009.</p><p>Two Chinese automakers, Chery and Dongfeng are showing their latest models at the 26th Thailand International Motor Expo 2009 which runs from December 2 to December 13 in Bangkok.</p><p>The auto show featuring 32 brands is expected to draw 1.6 million people. "The number of car bookings at the expo this year is likely to reflect the recently recovering economy at about 15,000 units, close to the 17,000 last year," Kwanchai Paphatphong, president of Inter-Media Consultant and organizing chairman of the show said in a press release.</p><p style="text-align: center"></p><p>Models present Dongfeng's mini van at Thailand's International Motor Expo 2009, in Bangkok, December 8, 2009.</p><p>Agencies and Shi Jierui contributed to this story</p><p style="text-align: center"></p><p>At Thailand's International Motor Expo 2009, visitors check out Chery's QQ vehicles, in Bangkok, December 8, 2009.</p><p style="text-align: center"></p><p style="text-align: left">A modelpresents Dongfeng's mini van at Thailand's International Motor Expo 2009, in Bangkok, December 8, 2009.</p><p align=center> Explore the World, Understand China!
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Chinese stocks up 0.98% on WedPublished: 06 May 2009 00:19:06 PST<p class="authorInfor"></p><!--begin CK content--><ul class="narrow">Top 5 News From ChinaKnowledge.comHang Seng Index opens 81.32 points lower on WedChina Exim Bank, BOC to lend US$1.06 bln to Indonesian power firmChina's new lending may exceed RMB 600 bln in AprilGM China sales up 50% in AprilDuPont launches China PV technical center in Shanghai<P>May. 6, 2009 (China Knowledge) - Chinese stocks ended higher on Wednesday boosted by coal stocks.</P><P>The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, increased 0.98% or 25.18 points to 2,592.52 points after fluctuating between 2,596.93 and 2,552.63 points. </P><P>The Shenzhen Component Index on the smaller Shenzhen Stock Exchange rose 2.02% or 201.26 points to 10,149.07 points, after touching an intraday low of 9,911.82 points. </P><P>Gainers in the Shanghai market outnumbered decliners by 610 to 188, while 56 were unchanged. Aggregated turnover on the two bourses was RMB 240.18 billion. </P><P>Coal firms were among the winners. Datong Coal Industry Co Ltd<601001>, the country's second-largest coal producer by capacity, swelled 5.34% to close at RMB 33.51. China Coal Energy Co Ltd<601898><1898>, the country's second-largest coal miner by revenue, rose 2.47% to RMB 11.18. Shanxi Lu'an Environmental Energy Development Co Ltd<601699> increased 2.13% to close at RMB 34.51. Kailuan Energy Chemical Co Ltd<600997> rose 3.45% to RMB 27.87.</P><P>Auto stocks ender higher. Changan Automobile Co Ltd<000625><200625>, the listed arm of China's fourth-largest automaker Changan Automotive Group, surged by the daily limit of 10.02% to RMB 9.11. FAW Car Co Ltd<000800>, a Shenzhen-list unit of First Automotive Works, rose 1.62% to close at RMB 16.97. Beiqi Foton Motor Co Ltd<600166> increased 2.48% to RMB 13.21.</P><P>Dairy stocks also ended higher. Bright Dairy & Food Co Ltd<600597>, China's third largest dairy producer, jumped 7.47% to close at RMB 8.06. Beijing Sanyuan Food Co Ltd<600429>, a major dairy producer in China, swelled 9.96% to close at RMB 8.06.</P><P>New energy stocks were the gainers. Shanghai Electric Group Co Ltd<601727><2727>, one of China's largest mechanical and electrical equipment manufacturers, jumped 9.97% to close at RMB 9.82. Dongfang Electric Corp Ltd<600875><1072>, the country's top power equipment maker, swelled 7.18% to RMB 47.48.</P><P>Property stocks ended higher today. China Vanke Co Ltd<000002><200002>, the country's largest publicly traded residential property developer, increased 1.33% to RMB 9.16. Gemdale Corp<600383>, one of the largest property developers in China, gained 3.88% to close at RMB 13.38. Poly Real Estate Group Co Ltd<600048>, China's second-largest developer by market value, increased 2.32% to RMB 20.76. </P><P>Shares of pharmaceutical companies ended lower. Guangzhou Pharmaceutical Company Ltd<600332><0874> edged down 0.37% to RMB 8.17. Southwest Pharmaceutical Co Ltd<600666> edged down 0.12% to RMB 8.38.
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US anti-graft law pricks Chinese consciencePublished: 30 Jun 2009 19:02:01 PST<p class="authorInfor"></p><p style="text-align: center"></p><p>Illustration: Peter C. Espina</p><p>By Peng YiningJason Chi just got fired after four years of hard graft that succeeded in gaining his company a competitive advantage.</p><p>During his tenure as the president of Lucent China, Lucent Technologies became the largest Code Division Multiple Access (CDMA) equipment supplier in China, and in 2003 its business revenue in China topped $900 million, accounting for 11 percent of its global revenue, according to an article headlined “Lucent’s Bribery Scandal”, reported by Ming Shuliang and Yu Min in Caijing Magazine.</p><p>But Lucent Technologies announced it had found possible violations of the Foreign Corrupt Practices Act (FCPA) on April 6, 2004 and so had fired four executives based in China who it suspected might be involved with those violations. Chi was one of them.</p><p>Investment banking giant Morgan Stanley announced it had fired one of its Chinese employees suspected of violating the FCPA, the Economic Observer reported on February 12.</p><p>According to “Who received the bribe from Lu Professor Hu Xingdou of the Beijing Institute of Technology.</p><p>“In China, people make friends before they do business as interpersonal relationships are an important part of China’s traditional culture,” said Ye Sheng, a consultant in Guangdong Province.
“That’s why companies regard guanxi (social connections) as the key to success, and that also makes most foreign corporations feel ambivalent.”</p><p>According to Ye, guanxi is a complex cultural system of personal relationships or moral obligations which most Chinese conceive as a short cut to achieve success. “Chinese people believe in human relationships, but Westerners believe in contracts,” he said. “It is all about cultural difference.”</p><p>When Chi became president of Lucent China, Lucent Technologies was one of the main equipment providers in China.</p><p>“Lucent had advanced techniques which gave it an edge over the opposition,” said Li Hun, a consultant from CCID Consulting Corporation.</p><p style="text-align: center"></p><p>But competition was still stiff. According to a report from CEOCIO China magazine, Huawei, one of Lucent’s competitors, tried all kinds of means to seek favor with their clients, including getting a client’s daughter into college and even changing a gas cylinder for a client’s family.</p><p>“The company makes its employees believe that nothing is a disgrace to improve the sales performance,” said the report.</p><p>From 2000 to 2003, Lucent Technologies invited more than 1,000 Chinese officials, employees of Chinese State-owned or State-controlled telecommunications enterprises, to visit Lucent’s factories in the United States or elsewhere, and paid all the expenses: more than US$10 million. According to the investigation of the United States Securities and Exchange Commission (SEC), however, during many of these trips, the officials spent little or no time in the United States visiting Lucent’s facilities.
Instead, they visited Hawaii, Las Vegas, the Grand Canyon, Disney World and New York city.</p><p>The Chinese officials who traveled at Lucent’s expense were often identified by Lucent in its internal documents as “decision-makers” with respect to awarding new business, and the travels Lucent provided might bring it business opportunities, according to the SEC.</p><p style="text-align: center"></p><p>“China has it own rules of doing business,” said Liao Weijian, an expert in public relations from Sun Yat-sen University in Guangzhou. “In China, the laws and regulatory system is not that complete to adapt to the demand of 灭火器 乳化机 电磁流量计 現金化 比較 弹簧 XP系统下载 沙尘试验箱 深圳宝安搬家公司 -
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NSSF raises stake in China National MaterialsPublished: 22 Apr 2009 22:16:39 PST<p class="authorInfor"></p><!--begin CK content--><P>Apr. 23, 2009 (China Knowledge) - China's national pension fund, the National Social Security Fund (NSSF), raised its shareholding in China National Materials Co Ltd (Sinoma)<1893> to 8.1% on Apr. 16, sources reported.</P><P>According to statistics released by the Hong Kong Stock Exchange (HKEx), NSSF bought approximately 1.57 million shares of Sinoma for HK$7.62 million or HK$4.857 apiece.</P><P>Dai Xianglong, chairman of the National Council for the Social Security Fund, said that NSSF would select three to five private-equity funds to invest in, according to China Knowledge's earlier report.</P><P>Shares of Sinoma, the world's largest provider of cement-producing equipment, swelled 13.45% to HK$5.4 on Wednesday.
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