China Economic ReviewForeign telecoms equipment suppliers signed two major GSM expansion contracts in December. A Siemens joint venture in Shanghai won a US$77m order from China Mobile to expand its GSM mobile network in Sichuan province. Installation should be completed by May this year. Meanwhile Motorola signed two orders with China Mobile worth a combined US$95m. One […]
In a separate interview,Wu Jichuan said that China Telecom’s revenue rose 5 per cent in 2001, the company’s slowest annual growth rate since the start of China’s economic reform process in 1978. Corporate revenues were affected by the actions of industry regulators, which halved fees for data services and removed expensive connection fees for local […]
The head of China’s Ministry of Information Industry has outlined sweeping changes to the telecoms industry that will centre around four operators, each with licences to provide fixed-line and mobile services. Wu Jichuan told China Daily that the restructuring, designed to promote competition, would take at least two years to carry out. The four carriers […]
A large thermal power plant is to be built in the city of Pinghu, situated in the north of Zhejiang province. The Yn10.2bn plant will consist of four generating units, each with a capacity of 600MW. It expects to go into operation in June 2006. The Hong Kong-listed Shandong International Power Development Company has pledged […]
The collapse of the US energy trade Enron Corporation has thrown into doubt the future funding of a US$400m gas pipeline between Chongqing and Wuhan. Enron signed a memorandum of understanding to take a 45 per cent stake in the joint venture pipeline with PetroChina but it did not make its pledged investment in the […]