China Unicom, the second largest mobile telecom operator in the country, announced on Friday that its net profits slightly went up by 1.4% in the first quarter to reach RMB 1.21 billion.
The company, in its quarter report, said its operating income increased by 6% to RMB 25.95 billion, in which service income was RMB 24.59 [...]
Huawei Technologies Co., Ltd. (Huawei), a leader in providing next generation telecoms network solutions for operators worldwide, hosted more than 40 industry analysts from all over the world at the company’s headquarters in Shenzhen. The analysts represented 18 global market research companies.
At the summit, Huawei announced that its global contract sales in 2007 reached US$16 [...]
China’s stocks fell for the first time in five days after China Life Insurance Co. and China Petroleum & Chemical Corp. reported lower profits in the first quarter.
The CSI 300 Index, which tracks yuan-denominated A shares listed on China’s two exchanges, declined 27.68, or 0.7 percent, to 3,775.39 as of 9:43 a.m. local time. Two [...]
China should raise interest rates by at least 1 percentage point to tame inflation and reduce the risk of a hard landing for the world’s fourth-biggest economy, said Stephen Roach, chairman of Morgan Stanley’s Asia division.
“The central bank needs to act and it needs to act now,’Roach said in a telephone interview from Connecticut on [...]
China may need to resume tax incentives for textiles exporters after the yuan’s appreciation crimped profits and curbed production, an official with the top economic planning agency said.
“Many of those companies are on the verge of shutting down,”Zhang Xiaoqiang, vice chairman of the National Development and Reform Commission, said at a trade conference in Beijing [...]
China’s top economic planner has released a report emphasizing that upward pressure for the country’s housing prices, which analysts said could be a signal for the relief of the government’s concern over a sluggish property market, might spell further macro-control to prevent the sector overheating.
Despite a deceleration in price increases over the first quarter, a [...]
