Around the web
Displaying links tagged China [back to index]
5 Jun 20113 Jun 20112 Jun 20111 Jun 201130 May 201127 May 201126 May 201123 May 201120 May 201112 May 201111 May 20116 May 20115 May 20112 May 201126 Apr 201125 Apr 201122 Apr 201115 Apr 201114 Apr 201112 Apr 201111 Apr 20118 Apr 201115 Mar 201112 Mar 20118 Mar 20116 Mar 20111 Mar 201125 Feb 201122 Feb 201115 Feb 2011
A teenager in China has sold one of his kidneys in order to buy an iPad 2, Chinese media report.
BBC News
Plans to build 8th-generation and 10th-generation LCD production lines have ground to a halt, according to Sharp president Mikio Katayama.
Reuters
Hon Hai Precision Industry has said its polishing workshops in China resumed operations this week as the company investigates a deadly combustible-dust explosion at one of its plants.
Wall Street Journal
Canadian Solar Inc said it would build a 600 megawatt photovoltaic cell production factory in Suzhou in Eastern China, a day after the solar panel maker announced plans to set up a wafer plant in the same area.
Reuters
South Korea's Samsung SDI aims to increase total annual revenue to 13 trillion won ($12.1 billion) in 2015, more than double last year's 5.1 trillion won, the company said on Wednesday.
Reuters
Rampant piracy means Microsoft's revenues in China this year will only be about 5% of what it gets in the US, even though personal-computer sales in the two countries are almost equal, CEO Steve Ballmer told employees in a meeting.
Wall Street Journal
Sky Solar has named Amy Zhang, Suntech's former CFO, as its new CEO and executive director, succeeding founder and chairman Weili Su, who will focus on company's strategic development and promoting its advanced technologies.
PV-Tech
China has called on Taiwanese companies to ensure work safety after a deadly explosion last week at a plant operated by Foxconn where Apple's iPad2 was being assembled. An initial investigation showed that the accident may have been caused by an explosion of combustible dust in the polishing workshop.
AFP (via Google)
Spreadtrum Communications has launched two low-cost multimedia chipsets for multimedia-rich mobile phones. The SC6610 and SC6620 possess Spreadtrum's highly integrated design, and combine PMU, multimedia accelerator, touch screen controller, backlight controller, 16M/32M pSRAM and up to four SIM card interfaces into one chip.
Company release
Wall Street Journal
Taiwan's currency advanced 0.8% to NT$28.511 against its US counterpart as of 9:24 a.m. local time, according to Taipei Forex. It touched NT$28.495 earlier, the strongest level since October 1997.
Bloomberg
Finacial Times
n early March, China's National People's Congress approved its 12th Five-Year Plan (2011-2015). This plan is likely to go down in history as one of China's boldest strategic initiatives. In essence, it will change the character of China's economic model -- moving from the export- and investment-led structure of the past 30 years toward a pattern of growth that is driven increasingly by Chinese consumers. This shift will have profound implications for China, the rest of Asia, and the broader global economy.
Washington Post
A Chinese manufacturing index declined in April from March, indicating that growth may moderate in the world's second-biggest economy after the government raised interest rates and allowed faster gains in the yuan.
Bloomberg (via Businessweek)
Marketwatch.com (Dow Jones)
Despite past political tensions, enterprising Taiwanese had long been doing business in China. However, it was only until after a financial memorandum of understanding was signed in 2009 that Taiwanese banks were able to follow suit.
The Financial Times
Lawmakers in China are revising the income tax law to narrow the wealth gap and to encourage more domestic consumption. The amendment will raise the threshold for personal income tax from CNY2,000 to CNY3,000 a month (from US$304 to US$456).
BBC News
Samsung Electronics, the world's biggest flat panel maker by revenue, said that it will invest KRW541.1 billion (US$501 million) in a joint venture in China that will develop the company's 7.5G LCD panel plant.
Dow Jones (via The Wall Street Journal)
It may seem strange this has not happened before - Chinese students make up some of the largest groups of foreign students in many countries, including the US and UK.
BBC News
The reserves increase as Beijing buys dollars and other foreign currency to restrain the rise of its yuan as export revenues and investment pour into its economy. In freer trading, that flood of cash would push up the yuan's value against the dollar, making Chinese exports more expensive abroad.
AP (via Google)
Zoom Technologies has signed a licensing pact with chipmaker Qualcomm, allowing the Chinese mobile phone maker to develop and sell 3G devices using Qualcomm's chip patents.
Reuters
Intel has designed a handset that may be manufactured by China's ZTE, according to people with knowledge of the plan. The phone, based on a version of Intel's Atom microprocessor, may go on sale in China.
Bloomberg (via Businessweek)
The deficit for the first three months of 2011 stood at US$1.02 billion, according to the latest data by the General Administration of Customs. China has said that it is working towards increasing domestic demand and becoming less reliant on exports to sustain its growth.
BBC News
Hui Xian, a real estate investment trust, is selling yuan-denominated shares to investors in an initial public offering (IPO) at the end of April. The offer comes at a time when demand for investment products in the Chinese currency has been growing.
BBC News
LDK Solar has announced a business investment of approximately US$40 million to establish a new manufacturing plant in Nanchang City, Jiangxi Province (China). This new manufacturing facility will have capacity to supply two million 2-inch equivalent pieces of sapphire wafers per year and be positioned to capture the growing opportunities in the LED industry.
Company release
European companies in China ranked Shanghai as the most attractive city to locate their Asia-Pacific headquarters as the Chinese city provides companies with direct access to the region's biggest market, according to a survey.
Reuters
Tom's Hardware Guide
China has offered to send earthquake rescuers and extended its "deep sympathy and solicitudes to the Japanese government and people" on Friday, marking some of the first sober words exchanged between the two nations in months. Last fall relations between Beijing and Tokyo reached their worst point in years.
The New Yorker
China spent more on its internal police force than on its armed forces in 2010, and plans to do the same this year, as the government deployed security forces around the country to control growing social unrest.
Bloomberg (via Businessweek)
Chinese companies will be allowed to buy a stake of as much as 10% in Taiwanese technology companies, according to a proposal by the Ministry of Economic Affairs.
BBC News
The processor used in the smartphones, the PXA920, was introduced by Marvell a year ago, and Marvell said it's the first single-chip offering for TD-SCDMA.
Wall Street Journal
Yomiuri Online
The firm said an internal investigation had discovered more than 1,000 fraud cases in both 2009 and 2010. Chief executive David Wei Zhe and chief operating officer Elvis Lee Shi-Huei were not involved in the frauds but were taking responsibility for a "systemic breakdown".
BBC News
Shares of wireless chipmaker Anadigics are down US$0.57, almost 8%, at US$5.96, after the company reported 4Q results ahead of expectations, but forecast a surprise net loss this quarter and much lower-than-expected revenue, citing "softness in China" and an inventory pile-up.
Barron's
At its current rate of growth, analysts see China replacing the US as the world's top economy in about a decade.
BBC News
34/49 pages