Taiwan memory chip leader Powerchip Semiconductor Corp said it planned to invest as much as 20% of its net asset value on the mainland to build market share, according to Bloomberg, quoting the company's statement to Taipei's stock exchange. The company did not specify exactly how it planned to deploy capital.
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A draft law promoting renewable energy use was submitted to the standing committee of the National People's Congress on Saturday, the opening day of a five-day session, Xinhua reported. According to the state news agency, Beijing aims to increase China's renewable energy use from 3% of overall energy consumption in 2003 to 10% in 2020 […]
China will impose a 5% tax on aluminum exports from January 1, Reuters reported, quoting an official at China's tax bureau. The announcement confirmed hints of new export taxes reported earlier in state media. The official told the news agency that Beijing would at the same time impose a 10% tax on blister copper and […]
Signaling still further hollowing out of the country's manufacturing sector, South Korea's mobile network giant SK Telecom said it had secured its license to make handsets on the mainland, according to Reuters. SK Mobile China, SK's joint venture with Datang Telecom & Tech and Tiandi Group Telecom Industry, will make CDMA-standard phones. SK will hold […]
After China failed to meet its own deadline for devising a digital television standard earlier this year, China-based equipment manufacturers have begin exploring the idea of adopting foreign standards, according to an Associated Press report. "Companies are just moving ahead anyway, though they understand that it's at the operators' risk," AP quoted Thierry Raymaekers, Beijing-based […]