China News Direct

 
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China Unicom Focuses on Broadband After Merger
(Oct 16, 2008) The merger of China Unicom and Chinanetcom have formally completed on October 15th. SK Telecom of Korea, which has acquired 3.79% of China Unicom and Telefonica of Spain which has acquired 4.21% of China Unicom, have entered the board of directors. Chinanetcom announced its unaudited results for the first three ...
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Air China Faces Pressure in 4Q '08
(Oct 16, 2008) China Air Ltd. recorded profit attributed to shareholders of 1.244 billion yuan in the first half 2008, 20.69% lower than the same time last year. The jet-fuel cost rose 32% to 10.6 billion yuan and staff salary expenditure rose 28% to 2.55 billion yuan during the period. Air China passenger ...
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Coal Stuck at Ports As Economy Slows
(Oct 16, 2008) Qinhuangdao Port of Hebei province coal storage amounted to 8.89 million tons in the middle of September, the highest in record and close to the port's coal storage limit of 9 million tons. Reported by 21th Century Business Herald that although Qinhuangdao port coal reservation fell back slightly to 8.1 ...
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Bus Operator Argos Buys Lottery Ticketing Business
(Oct 16, 2008) Argos Enterprise (Holdings) Ltd. has acquired a sports lottery ticketing service company in China for HK$695 million. Argos Enterprises usually engages in public bus transport business. Apart from paying HK$5 million cash upfront, it will issue new shares, convertible bonds and notes to pay for the acquisition of a 52% ...
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Hainan's Yangpu RMB4.7bn to Upgrade Deep Water Channel
(Oct 15, 2008) The virgin voyage ceremony of the Yangpu-East China cruise route held on October 13th in Yangpu port, Hainan province. A container vessel from China Shipping Container Lines Co., Ltd started in Yangpu and will get to Taicang port of Jiangsu province in five days. It is said that although there ...
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Taiwan Businesses Finding Ways to Cut Costs
(Oct 15, 2008) After asking for a government administrative fee reduction, Taiwan Merchant Association Dongguan finds new ways to cut costs for Taiwan invested enterprises. The association is planning to invest 20 million yuan to set up a container transport logistics company to reduce transport cost and warehouse cost for member companies. The ...
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Mobile Online Games Popular, 15% Growth Expected
(Oct 15, 2008) Mobile phone games developers expect that the demand for mobile phone online games will continue to increase. Mobile phone games developers estimate a 15% annual growth in income in the Hong Kong market as mobile phone online game is becoming popular. Mike McCabe, regional manager of Asia EA Mobile, claimed ...
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PDA, Mobile Phone Soon Replace Lap-Top
(Oct 15, 2008) Market research firm Synovate did a survey on the consumption of high income group in Asia and found that they were interested in following the trend of hi-tech products. Synovate also forecast that multi-functional mobile phones and PDAs will replace lap-tops in the near future. Synovate expected that Hong Kong ...
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Financial Crisis Not Impacting High Income Group
(Oct 15, 2008) High income groups' consumption of hi-tech electronics products is not impacted by the global financial crisis. Market research firm Synovate did a survey on high income group in 11 Asia areas, including Hong Kong, Japan, and Singapore, in an attempt to find out their consumption pattern. It found that high ...
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Beijing Capital Airport Will Host Aviation Forum in '09
(Oct 15, 2008) Capital Airport Holding Company (CAH), the mother company of Beijing Capital International Airport, will host the 15th World Route Development Forum in Beijing in September 2009. It is the first time for China to host a world-class aviation forum. President Zhang Zhizhong of CAH expected that the number of participants ...
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