China Economic ReviewGerman-based Metro Group, the world’s third largest retail chain, has signed a contract with the Tianjin municipal government to invest US$15m to set up chain stores in the city’s Hongqiao district. Metro’s first store in northern China will open within 12 months; the group plans to open five stores a year in the big cities […]
Japanese electronics giant NEC is proposing to establish a joint venture to manufacture liquid crystal displays in China, Reuters reported. The venture would produce displays for televisions, monitors and personal computers. It would use fifth-generation technology that reduces costs by cutting displays from larger sheets of glass. NEC plans to hold a 25 per cent […]
Taiwan Semiconductor Manufacturing Co, the world’s biggest chip maker, is scouting sites for a manufacturing plant in mainland China and expects to start production there within two years, Bloomberg reported. The move follows the Taiwanese government’s decision to relax rules banning the transfer of chip technology to the mainland. The company’s main rival on the […]
China Unicom, the smaller of China’s two large cellular phone groups, has reduced its expansion target for its CDMA network by one third, Reuters reported. Speaking at the Boao Forum for Asia, held in Hainan in April, company president Wang Jianzhou said that the group, which had planned to expand its capacity to 15m users […]
A special team of geologists is conducting surveys along the route of the railway line to Lhasa in Tibet to assess earthquake risks and propose counter-measures, South China Morning Post reported. The project team, from the China Geology and Science College, was called into action after a major earthquake, registering 8.1 on the Richter scale, […]