China Central Television’s decision to air live broadcasts of the war in Iraq has boosted
viewer rates and revenues, reported Taipei Times. In March, commercial revenues were up by Yn100m year-on-year, and the company was forecasting a similar increase in April.
Qingdao Haier, China’s biggest appliance manufacturer, reported that net income in 2002 fell to Yn397m from Yn618m in 2001, following cuts in the prices of its refrigerators and airconditioners sold overseas.
Courier giant DHL Worldwide Express reported that its China business grew by 45-50 per cent in 2002, Reuters reported.
German carmaker Audi plans to increase annual production in China from 37,000 units in 2002 to 70,000-80,000 units by 2005, AFP reported.
Toshiba announced that it has started production of notebook personal computers at its plant in Hangzhou, Zhejiang province. It plans to produce 750,000 units a year at the plant.
MTV has signed a deal with Guangdong Cable Networks for distribution of the new 24-hour Mandarin language music channel that it plans to produce, Business Weekly said.
The Fujian provincial units of China Telecom, China Unicom and other firms have been fined more than Yn400m for smuggling mobile phone equipment worth US$60m,South China Morning Post reported.
China National Bluestar (Group), the telecoms and chemicals equipment company, has agreed with Hunet Inc of Japan to set up a joint venture in Beijing to produce liquid crystal displays for cellular phones. The company is expected to be capitalised at about US$250m, with the majority of it likely to be provided by the Chinese company.