China Economic ReviewChina Unicom, the country's second largest mobile operator, signed up 5.3m new subscribers for its CDMA network between January and July. This was well below its monthly target of 1.5m new subscribers needed make its CDMA business profitable by the end of this year. However, in an apparent shift in strategy, company executives were reported […]
China Mobile's first-half net profits rose 13 per cent to Yn17.47bn, although part of the improvement could be attributed to the cellular company's acquisition of eight new provinces last year. Company chairman Wang Xiaochu warned that competition would continue to depress tariffs and affect average revenue per user (Arpu). Despite the addition of 11.41m new […]
Singapore's PSA Corp confirmed that it has been in discussions to participate in the Yangshan port project near Shanghai. Shanghai Daily said that the world's top three port operators were interested in managing the facility but one of these companies, Hutchison Port Holdings, later said that it would first have to study the project more […]
United Yield International of the US has acquired a 51 per cent stake in Xugou port in the Jiangsu city of Lianyungang, reported Xinhua. The deal followed the ending of a regulation that limited foreign ownership of ports to under 50 per cent, said the Ministry of Communications. According to official data, 90 per cent […]
China has become the largest exporter of goods to Japan – overtaking the US for the first time since the end of the Second World War, said South China Morning Post. It exported US$61.7bn-worth of goods to Japan last year, compared with the US's export total of US$57.6bn. first in Hong Kong"There were a few […]