China Economic ReviewChina sent a third trade delegation to the US to purchase US$2 billion worth of information technology (IT) products. The delegation, headed by senior officials, included representatives from China Telecom, the country's biggest telecom carrier; the top mobile firm, China Mobile; the second-largest mobile carrier, China Unicom and leading PC makers, Founder and Legend. During […]
Advertising revenue at Chinese Central Television (CCTV) grew 18% last year to RMB 7.53 billion, compared with RMB 6.38 billion in 2002 and RMB 5.6 billion in 2001. The increase in CCTV's advertising sales outpaced the 12% gain for the overall mainland market, in which advertisers spent US$2.7 billion last year. CCTV said the top […]
Chinese consumer electronics maker TCL International said it would cash out of the competitive Chinese mobile-phone business to focus on TV and PC manufacturing. The company's mobile-phone assets contributed 50% of its net income in 2002. TCL International holds 40.8% of TCL Mobile, a unit that could be bought out by its parent, TCL Corp, […]
China's foreign trade last year rose by 37.1% to reach more than US$851 billion, according to customs figures. Imports last year soared 39.9%, totaling US$412.8 billion, while exports rose 34.6% to reach US$438.3 billion. The figures translated into an overall trade surplus of US$25.5 billion for China. Japan, the US and the EU remained the […]
The US International Trade Commission made a preliminary ruling approving of duties of more than US$1 billion on wooden bedroom furniture from China. The commission voted 6-0 in favor of imposing duties saying there was a reasonable indication that low-priced imports from China were harming US furniture makers. The vote paves the way for the […]