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.

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.

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.

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".

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.

At its current rate of growth, analysts see China replacing the US as the world's top economy in about a decade.

The arrest of a Taiwanese general accused of spying for China is a warning to Taiwan to be wary of its old foe despite warming economic links that are likely to stay unscathed by the case.

China's central bank said Tuesday it will raise its benchmark deposit and lending rates by 0.25 percentage point each effective Wednesday, in its latest move to tighten liquidity and manage inflation. The People's Bank of China said in a statement it will raise the one-year yuan lending rate to 6.06% from 5.81%, and the one-year yuan deposit rate to 3.00% from 2.75%.

Rising demand for vehicles in China has boosted profits at Infineon. Back orders are expected to last through summer.

China plans to step up efforts to develop clean energy and other technology industries this year, government officials said Thursday, a strategy that has strained trade ties with Washington and other governments.

China has apparently overtaken Japan as the world's second-largest economy, after data released on Jan. 20 showed double-digit growth for 2010. The growth effectively displaces its Asian neighbor from a global ranking it has held since 1968.

Apple has been criticized by Chinese green groups for lax corporate oversight of its suppliers in China, leading to poor environmental and work safety standards that poisoned dozens of factory workers.

Foreign direct investment in China hit a record US$105.7 billion last year, highlighting growing confidence in the economy even as Beijing seeks to rein in growth. China attracted US$14.03 billion in foreign direct investment (FDI) in December alone, up 15.6% from a year earlier.

China's President Hu Jintao has said the international currency system was "a product of the past." He also implicitly criticized the Federal Reserve's recent decision to pump 600 billion dollars into the US economy, a move criticized as weakening the dollar at the expense of other countries' exports. The comments came ahead of a state visit to Washington on Wednesday.

The global economy will slow this year, with developing countries such as India and China providing a greater share of growth, the World Bank has predicted.

The Marlborough, Mass.-based solar technologies company said the closure will come as it ramps up its production in China. The company produces solar wafers at a company-owned plant in Wuhan, China.

Bank of China has opened trading in the Chinese currency to customers in the US, representing a symbolic endorsement by Beijing of foreign trading in the yuan. The move is the first by a state-owned bank into yuan trading in the U.S.

Two investment funds backed by the Chinese government are accelerating their purchases of stakes in major Japanese listed firms, with their total market value surging 10-fold to 1.5 trillion yen (US$18 billion) in less than two years, a recent study showed.

Ingenic-designed MIPS-based SoCs are, for example, built into Velocity Micro's Cruz Tablets. The connection represented by MIPS-Ingenic-Velocity Micro illustrates an emerging paradigm in the consumer electronics market: A China-developed processor is driving a host of new consumer devices, while a big ODM community based in greater China (i.e. Foxconn) designs and manufactures them, which are, then, promoted by US-based marketing companies like Velocity Micro, who cultivate channel connections with top retailers.

The investors, including China Development Bank and China Construction Bank Corp., will take an 18.46 percent stake in the Chinese company's polysilicon unit.

Factory output growth eased in India and China in December, but strengthened in South Korea and Taiwan, narrowing a gap in manufacturing activity between much of developing Asia and the region's emerging economic giants.

Companies from China are increasingly setting up shop in the U.S. to avoid trade barriers and to learn better ways to prosper in their fiercely competitive home market

The pending acquisition of Motorola's mobile telecom equipment arm by Nokia Siemens Networks (NSN), which is pending approval by China's Ministry of Commerce, would make it more difficult for domestic rivals Huawei Technologies and ZTE to enter the US market, an analyst said.

China Unicom, which only sells iPhone handsets bundled with mobile service contracts at present, will sell the 8GB version of the iPhone 3GS with no contract for CNY3,999, said the spokesman for China United Network Communications.

China is defending its subsidies for wind and solar power against a U.S. complaint to the World Trade Organization that such support is unfair, but says it will work to resolve the dispute.

The medical and health agreement will help the two sides set up a system to share information about infectious diseases, ensure drug safety and develop new medicines, as well as address emergency medical needs, according to the Straits Exchange Foundation.

China's top negotiator for Taiwan Chen Yunlin is scheduled to meet his Taiwanese counterpart for talks on December 21. The talks will focus on epidemic-control measures and joint R&D of medicines, herbal medicines and emergency treatment.

China's exports for November 2010 were up 34.9% versus a year earlier, compared with an expected 25%. In October the increase was only 22.9%.

China's crackdown on ethnic reporters and Iran's sustained suppression of critics has helped push the number of journalists jailed worldwide to 145 - the highest level in 14 years, the Committee to Protect Journalists said.

China is awarding a peace prize to counter the Nobel recognizing imprisoned democracy campaigner Liu Xiaobo. Organizers of the Confucius Peace Prize will honor former Taiwanese vice president Lien Chan in Beijing for his efforts at building peace between the Chinese mainland and Taiwan.

China aims to bring online at least 1 gigawatt of solar power capacity annually from 2013 under its "Golden Sun" pilot program, aided by increases in subsidies to boost the domestic solar industry, the Ministry of Finance said

Taiwan's dollar and stocks advanced as the island's ruling party won key local elections, prompting speculation President Ma Ying-jeou will extend pro- China policies that boosted investment.