Central government regulations forbid the convergence of television and telecoms networks outside Shanghai, but in Guangdong province China Broadband has received permission from local authorities to offer interactive internet products over the cable television network in the city of Shekou. The hybrid fibre coaxial cables used by China Broadband are cheaper to install and cheaper […]
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CDMA tie-up for Samsung
Samsung Electronics Co has established a US$29m joint venture with Shanghai Bell to market and research networking equipment for the CDMA mobile telecoms standard. The Alcatel unit Shanghai Bell, which will take a 51 per cent stake in the venture, said it was teaming up with Samsung because of the South Korean group’s expertise in […]
The investment cost of a proposed new chip plant by steel giant Shougang Group will be 40 per cent lower than originally forecast because of falling equipment prices following the decline of the global chip market. In December 2000 the company announced plans to open five or six plants at a cost of US$1.3bn, but […]
Shenyang Brilliance Automotive said that it would sell half of its 50 per cent stake in a US$230m truck joint venture with General Motors to three other Chinese companies. GM will retain its 50 per cent stake in the venture and continue to nominate its president. Shenyang Brilliance will hold 25 per cent of the […]
Toyota Motor’s 50-50 joint venture with Tianjin Xiali, established in June 2000, said it is likely to sell its first passenger car in October 2002. Tianjin Automotive Xiali is likely to price the compact car at Yn150,000- 200,000, an industry source told Reuters. The US$100m company is a 50-50 joint venture between the two partners. […]