China Telecommunications Corporation (Telecom Group) said on Saturday it would invest 80 billion yuan ($11.69 billion) to upgrade its newly acquired CDMA network.
Starting October 1, Telecom Group takes over the network, which was transferred from China United Communications Corporation (Unicom Group), parent company of the wireless service provider China Unicom.
Tags: CDMA, China-Mobile, China-Netcom, China-Telecom, China-Unicom
Prices of residential housing in China may shrink by as much as 50 percent in the next 10 years, a top property researcher has predicted.
“House prices in big and medium-sized cities may collapse at any time, and insurance funds should avoid entering this sector unless housing prices are adjusted,” said Ling Xiuli, a senior researcher [...]
The Chinese government may consider easing strict controls to give the stagnant property market a much-needed boost, the 21st Century Business Herald reported on Wednesday.
The China Real Estate Association (CREA) recently called on the government to shift its policies from “strict” to “moderate” control on the property market, in a proposal to the State Council.
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China’s economy can’t depend too much on the real estate industry to grow, said a report by the Chinese Academy of Social Sciences after some of its economists visited the United States to study the impact of the subprime mortgage crisis.
“China’s economic growth has depended too much on the real estate industry. It is especially [...]
Economic growth should not be overly dependent on the property sector, warned a report from the Chinese Academy of Social Science (CASS).
The report followed the CASS’s investigation into the US subprime mortgage crisis in June. It pointed out that the government should rethink the development of the real estate sector, and clarify their role in [...]
Ping An Insurance (Group) Co announced at the weekend that it does not have any risk exposure to Lehman Brothers or any of the big name firms roiled by the financial turmoil as it seeks to calm investor confidence hit by sliding share prices.
The Shenzhen-based insurer has no exposure to Lehman Brothers, Merrill Lynch, American [...]
