Bargaining is much more than a team sport in China -- it's also a way of life that has been ingrained in the psyche of Chinese society for centuries.
ZTE has said it had won 34% of China Mobile Communications's third-round 3G network expansion tender.
Foxconn, the contracted iPhone maker for Apple, is manufacturing a 3G version of iPhone tailored to customers in China, disclosed sources familiar with the matter on July 15.
Japan's Panasonic said it aims for double-digit sales growth this business year in the five major emerging markets it focuses on, including China and India, despite an estimated 10% decline in overall revenues.
Semiconductor Manufacturing International Corp. (SMIC), China's biggest chipmaker, said recently that the country's demand for its products is recovering with orders in the third quarter expected to be better than in the second.
China, which has criticized protectionist moves elsewhere, is pushing ahead with efforts to ensure that its gargantuan economic stimulus package benefits domestic firms.
Wall Street Journal
The World Bank has raised its forecast for growth in China this year from 6.5% to 7.2% amid signs that the economy is doing better than expected.
Canadian Solar plans to boost its annual production capacity from 620 megawatts to 800 MW by end-August, to meet an expected surge in demand, according to company president and CEO Shawn Qu.
A senior Chinese official has said China wants to produce one-fifth of its energy needs from renewable sources by 2020, a significant increase on the current target.
Daily Telegraph (UK)
The Financial Times
The SEMI PV Group has recommended that China should accelerate its adoption of PV-generated electricity to reach the global average by 2014.
US manufacturers and retailers that get products or components from China are increasingly concerned about quality, IP and rising costs in China, and more are looking at alternate sites, according to a study published on Thursday.
Why, if investment is rising so rapidly, was its contribution to GDP growth in 1Q09 (2pp of the 6.1% total) so low? And why is electricity output still falling, down by 3.5% on year in April? The slowdown in on-year industrial production growth, to 7.3% in April from 8.3% in March, raises further concerns.
China's unprecedented growth in recent years has come at a terrible price. Ahead of most forecasts, China in 2008 passed the US to become the world's largest source of greenhouse gases.
Applied Materials executives said customer confidence is improving, but cautioned that the company is seeing "a very dynamic environment" in all of its major segments. China's stimulus plans may continue to support cellphone and PC consumption there, said CEO Mike Splinter following release of fiscal Q2 financial results.
China's consumer prices fell by 1.5% in the year to April, figures show, the third consecutive month of declines.
Chinese companies are just as eager to defend patents as Western firms, and that China's intellectual-property regime has been tightened in recent years.
Donga (USE The Dong-A Ilbo)
Japan has reported its first annual trade deficit in 28 years, with exports in the year to March down 16% from the previous year.
Signs that a giant fiscal stimulus is starting to work in China. However, China still needs to find a new engine for future growth. Reforms to improve health care and the social safety net will take many years to encourage people to save less.
Dell is in talks with China Mobile to offer a smartphone based on the carrier's mobile operating system, a move that would take Dell into a huge but competitive market in China, an analyst said Monday.
As promoted by Goldman Sachs in 2001, this approach focuses on Brazil, Russia, India and China. While their stock markets were as battered as those in North America and Europe in 2008, most of them may recover faster and offer sustained growth.