ZTE has unveiled its Global Finance Shared Service Center in Xi’an and hopes to provide accounting services to external enterprises through this center.
Wei Zaisheng, senior vice president and CFO of ZTE, said in a press statement that ZTE would gradually bring its basic financial services to Xi’an and in the future they would not only [...]
The yuan remained strong at a new central parity rate of 7.1998 against the US dollar yesterday, compared with 7.202 on Tuesday, after analysts said rising inflationary pressure may accelerate appreciation.
But some economists said resorting to yuan appreciation to ease inflation might not be effective.
Tags: inflation
Chinese President Hu Jintao on Wednesday stressed the need to maintain a sound economy while realizing fast growth.
“We should correctly handle the relations between sound and fast with the stress on sound development, said Hu as he presided over a meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee.
Tags: economic, [...]
The new CDMA 2000-standard third- generation mobile service will be launched launch in November in Hong Kong while the auction for spectrum in the 2.3GHz and 2.5GHz bands for the provision of Broadband Wireless Access services is set for the fourth quarter, an official said in Hong Kong Wednesday.
With these in place more innovative mobile [...]
China’s exports of steel products tumbled in the second half of 2007 after cuts in export tax rebates.
Net exports of crude steel soared during the first half but slid 22.55 percent year-on-year in the second half, according to statistics released by the China Iron and Steel Association (CISA) on Wednesday.
Tags: exports, steel
Consumption replaced investments as the most powerful engine of China’s economic in 2007 for the first time in seven years, a senior official with the National Bureau of Statistics (NBS) said on Wednesday.
China’s gross domestic product (GDP) grew 11.4 percent year-on-year to 24.6619 trillion yuan (3.43 trillion U.S. dollars) in 2007. The 11.4 percent growth [...]
