The State Administration of Radio, Film and Television announced that it will switch its cable television broadcasts to digital technology by 2010. In its report detailing its future plans for television broadcasting the ministry added that analog broadcasts will be phased out altogether by 2015. According to state media, 25 Chinese cities are currently operating […]
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Wal-Mart procurement continues to rise
Wal-Mart announced that it expects its China-based procurement to reach US$15 billion for the year. This is an increase from US$12 billion in 2002 and US$10 billion in 2001. The US-based retailer said that it is currently operating 31 Wal-Mart outlets in 15 cities nationwide, including Wal-Mart Supercenters, Sam's Clubs and Neighborhood Markets. Wal-Mart did […]
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WTO asks for China's help
The head of the World Trade Organization (WTO) called on China to use its growing economic clout to help jump-start stalled world free trade talks. Supachai Panitchpakdi said the world's fifth-largest trading power could help bridge differences between developing and developed countries that led to a breakdown in negotiations in September in Cancun, Mexico. Those […]
Hong Kong port operator Modern Terminals signed an agreement with the Suzhou municipal government to invest RMB 1 billion in a container terminal in a move that will double the city's annual container throughput capacity to two million teu (20-foot- equivalent units). Modern Terminals, controlled by Wharf (Holdings), said it received approval from the Jiangsu […]
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Industrial output picks up
After a slowdown in September, China's industrial output picked up again in October on the back of surging production in telecoms equipment, metals and electronic machinery. The October growth rate of 17.2 percent brought industrial output to RMB 375.3 billion and was the second highest rate this year, following February's 19.8 percent, according to the […]