China Economic ReviewChina's second-largest fixed-line telephony operator, China Netcom, has agreed to purchase four provincial networks from its state-owned parent company for US$4.5 billion, the Financial Times reported. The four northern provinces of Jilin, Shanxi and Heilongjiang provinces and the Inner Mongolia Autonomous Region have 30.5 million are fixed-line subscribers – a penetration rate of 24.9 percent. […]
IMF directors said China needs to loosen the leash on the yuan in order to insulate the economy from the volatility of foreign exchanges. It also said China had a responsibility to help smooth out current global imbalances, in part caused by its yuan exchange rate. The IMF also advised China to allow its central […]
China's exports outpaced imports in August for the tenth month in a row, reaching US$10 billion, the third-highest rate on record with exports for the month up 32.1% to a new high of US$67.8 billion, while imports increased 23.4%. The Commerce Ministry said the surplus may reach US$80 billion this year, a 125% increase on […]
China's producer price index rose 5.3% in August from a year earlier and 5.5% during the first eight months of the year, the Wall Street Journal reported. The actual results could point to an imminent rise in inflation since the index shows price increases which could be passed on from producers to consumers. Raw materials […]
China Telecom has begun to block internet telephony service providers operating in China in a bid to shore up its flagging long-distance revenues, state media reported. CT plans to gradually extend the block nationwide, with European peer-to-peer-voice provider Skype Technologies SA having receiving blockages in Shenzhen already. CT has also compiled a "blacklist" of service […]