Sany Heavy Industry, the flagship construction equipment business of China’s third-richest man Liang Wengen, said on Saturday net profit fell by 44% in the first three months of the year amid a decline in sales.
Reported by Forbes.com 2 hours ago.
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Caterpillar Rival Sany Of China Says Net Profit Dropped 44% In 1st Qtr Amid Falling Sales
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Retail Rout: China's Biggest Appliance Retailer Suning Says 1st-Qtr Profit Down 48%
Suning Commerce Group, China?s biggest appliance retailer, said yesterday its net profit dropped by 48.2% to 492.8 million yuan, or $79 million, in the first three month of 2013 from a year earlier as it moved to integrate its traditional business and e-commerce businesses and expand its offerings.
Reported by Forbes.com 12 minutes ago.
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American Pop Celebrity Heather Schmid lends her voice to benefit earthquake relief in Sichuan Province China.
International Recording Artist and Celebrity Heather Schmid will be in China May 26 through June 2 to lend her support to earthquake relief for the cities of Lushan and Ya’an in Sichuan province China.
Boston, MA (PRWEB) April 28, 2013
International Recording Artist and Celebrity Heather Schmid will be in China May 26 through June 2 to lend her support to earthquake relief in the cities of Lushan and Ya’an Sichuan province in China.
“I have spent many years performing, traveling and meeting people in China. I was very affected personally by the images of the devastation in Sichuan Province. The small mountain side city of Ya’an along the Qingyi river is such a beautiful part of the country.” Heather stated.
“Sichuan province has been hit hard by earthquakes in the past few years and I want to show my solidarity with the people of this picturesque area.”
In 2006 Ms. Schmid formed the company Goddess Inc. to integrated charity into every performance, endorsement deal and TV show she is involved in.
Ms. Schmid began her music career winning the title of Miss Millennium International. With her Vocal Performance Music degree from Boston University, Heather went on tour in the United States as a pop dance artist. After gaining a solid fan base, Heather then went back into the studio with Grammy-nominated producer, Rich Balmer, to record ‘the Goddess Within.’
‘The Goddess Within’ lead to an extensive world tour. From performing for the president of Pakistan, to remote cities in China, Ms. Schmid’s radio and TV interviews were as impressive as her live shows. Ms. Schmid’s genuine interest in the people she met was apparent. This developed into the television show on CCTV News called ‘The Ambassador’. This show had over 200 million viewers and followed her live shows, interviews, and charity involvement. In many cities, Heather would collaborate with local and national brands as a celebrity spokesperson. You can see her face in jewelry ads in Islamabad, Pakistan or on billboards in YueYang China.
Visiting so many cities in China, northern poor villages in Pakistan, and the lavish opulence of Dubai influenced Ms. Schmid’s music and career path. ‘The Goddess Awaits’ included songs like ‘Tell Me Your Story’ about the school children she met in rural town in China ravaged by HIV and the AIDS epidemic, and ‘Come Back Home’ about a military high school friend in Afghanistan. ‘Commander in Chief’ is about losing the chance to have a woman president in America.
Ms. Schmid will arrive in Shanghai, China on May 26th with the specific purpose of lending her voice to support the people of Sichuan province. Ms. Schmid’s intention is to visit the area, have a large scale fund raiser and raise awareness to the charities doing great work to rebuild and support this community.
“The 21st century is a time of great change, I can see it happening around me. I hope my music, live shows, social media, internet, and TV can creating a greater understanding between the US and the rest of the world. That is my wish.”
“Heather is a rare example of a true cultivated talent, the humbleness of someone genuinely interested in charity, and a magnetic celebrity personality.” Lindsay Guion, manager, Guion Partner, LLC.
For more information please contact the Rafay Mehdi at Goddess Inc. 646-290-8763 or email: rafay.mehdi(at)thegoddessinc(dot)com
http://www.heatherschmid.com Reported by PRWeb 23 hours ago.
Boston, MA (PRWEB) April 28, 2013
International Recording Artist and Celebrity Heather Schmid will be in China May 26 through June 2 to lend her support to earthquake relief in the cities of Lushan and Ya’an Sichuan province in China.
“I have spent many years performing, traveling and meeting people in China. I was very affected personally by the images of the devastation in Sichuan Province. The small mountain side city of Ya’an along the Qingyi river is such a beautiful part of the country.” Heather stated.
“Sichuan province has been hit hard by earthquakes in the past few years and I want to show my solidarity with the people of this picturesque area.”
In 2006 Ms. Schmid formed the company Goddess Inc. to integrated charity into every performance, endorsement deal and TV show she is involved in.
Ms. Schmid began her music career winning the title of Miss Millennium International. With her Vocal Performance Music degree from Boston University, Heather went on tour in the United States as a pop dance artist. After gaining a solid fan base, Heather then went back into the studio with Grammy-nominated producer, Rich Balmer, to record ‘the Goddess Within.’
‘The Goddess Within’ lead to an extensive world tour. From performing for the president of Pakistan, to remote cities in China, Ms. Schmid’s radio and TV interviews were as impressive as her live shows. Ms. Schmid’s genuine interest in the people she met was apparent. This developed into the television show on CCTV News called ‘The Ambassador’. This show had over 200 million viewers and followed her live shows, interviews, and charity involvement. In many cities, Heather would collaborate with local and national brands as a celebrity spokesperson. You can see her face in jewelry ads in Islamabad, Pakistan or on billboards in YueYang China.
Visiting so many cities in China, northern poor villages in Pakistan, and the lavish opulence of Dubai influenced Ms. Schmid’s music and career path. ‘The Goddess Awaits’ included songs like ‘Tell Me Your Story’ about the school children she met in rural town in China ravaged by HIV and the AIDS epidemic, and ‘Come Back Home’ about a military high school friend in Afghanistan. ‘Commander in Chief’ is about losing the chance to have a woman president in America.
Ms. Schmid will arrive in Shanghai, China on May 26th with the specific purpose of lending her voice to support the people of Sichuan province. Ms. Schmid’s intention is to visit the area, have a large scale fund raiser and raise awareness to the charities doing great work to rebuild and support this community.
“The 21st century is a time of great change, I can see it happening around me. I hope my music, live shows, social media, internet, and TV can creating a greater understanding between the US and the rest of the world. That is my wish.”
“Heather is a rare example of a true cultivated talent, the humbleness of someone genuinely interested in charity, and a magnetic celebrity personality.” Lindsay Guion, manager, Guion Partner, LLC.
For more information please contact the Rafay Mehdi at Goddess Inc. 646-290-8763 or email: rafay.mehdi(at)thegoddessinc(dot)com
http://www.heatherschmid.com Reported by PRWeb 23 hours ago.
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Freight Transport by Sea in China Industry Research Report – Now Available from IBISWorld
The Freight Transport by Sea industry in China is extremely sensitive to the global demand for Chinese goods. Over the five years through 2013, revenue has been falling, largely due to the global economic recession in 2009, says IBISWorld.
San Francisco, CA (PRWEB) April 28, 2013
The Freight Transport by Sea industry in China is mainly engaged in shipping exported items to their destination countries and territories from China. Therefore, industry performance is extremely sensitive to the global economic climate, which determines the demand for Chinese goods, says IBISWorld.
Over the five years through 2013, revenue for the Freight Transport by Sea industry in China has been falling at an annualized rate of 5.0%. The decline was largely due to the global economic recession, which led to industry revenue dropping sharply in 2009, says IBISWorld.
The International Transportation of Freight by Sea industry is highly concentrated: the top four companies, China Ocean Shipping Group, China Shipping Group, SINOTRANS / CSC Holdings, and Hosco Group, account for an estimated 68.3% of total revenue. These four are large state-owned companies under government administration. International freight shipping is reliant on high investment into fixed assets like ships, and its business has economies of scale. Therefore, government capital plays a dominant role and the business is concentrated in the major state-owned players, says IBISWorld.
Over the next five years, increasing trade with emerging markets, like the countries in the Association of Southeast Asian Nations, will support revenue growth. State-owned capital will continue to support the development of the industry, but advances will be limited by the necessary high investments in technology and safety operation, says IBISWorld.
For more information, visit IBISWorld’s Freight Transport by Sea in China industry report page.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189
IBISWorld Industry Report Key Topics
Businesses in the Freight Transport by Sea industry in China provide cargo transportation services between China and other countries, including leasing ocean-going freighters equipped with operators. This industry only includes businesses that make trans-oceanic journeys using ships of Chinese nationality. Passenger delivery and coastal freight transportation are excluded.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772. Reported by PRWeb 23 hours ago.
San Francisco, CA (PRWEB) April 28, 2013
The Freight Transport by Sea industry in China is mainly engaged in shipping exported items to their destination countries and territories from China. Therefore, industry performance is extremely sensitive to the global economic climate, which determines the demand for Chinese goods, says IBISWorld.
Over the five years through 2013, revenue for the Freight Transport by Sea industry in China has been falling at an annualized rate of 5.0%. The decline was largely due to the global economic recession, which led to industry revenue dropping sharply in 2009, says IBISWorld.
The International Transportation of Freight by Sea industry is highly concentrated: the top four companies, China Ocean Shipping Group, China Shipping Group, SINOTRANS / CSC Holdings, and Hosco Group, account for an estimated 68.3% of total revenue. These four are large state-owned companies under government administration. International freight shipping is reliant on high investment into fixed assets like ships, and its business has economies of scale. Therefore, government capital plays a dominant role and the business is concentrated in the major state-owned players, says IBISWorld.
Over the next five years, increasing trade with emerging markets, like the countries in the Association of Southeast Asian Nations, will support revenue growth. State-owned capital will continue to support the development of the industry, but advances will be limited by the necessary high investments in technology and safety operation, says IBISWorld.
For more information, visit IBISWorld’s Freight Transport by Sea in China industry report page.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189
IBISWorld Industry Report Key Topics
Businesses in the Freight Transport by Sea industry in China provide cargo transportation services between China and other countries, including leasing ocean-going freighters equipped with operators. This industry only includes businesses that make trans-oceanic journeys using ships of Chinese nationality. Passenger delivery and coastal freight transportation are excluded.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772. Reported by PRWeb 23 hours ago.
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Rajnath demands Khurshid's visit to China be cancelled
*BJP President Rajnath Singh today demanded cancellation of External Affairs Minister Salman Khurshids May 9 visit to China till it withdraws its army personnel from Depsang Valley in Ladakh where they intruded a fortnight back.*
"Despite all this, our Foreign Minister is going to China on a visit. I am sorry but I would humbly request the Prime Minister to stop the Foreign Minister. Till the time China leaves Ladakh and goes back, there should not be any visit to Beijing," Singh said addressing the Matri Shree awards function here.
He also demanded that the area should be handed over to the Army instead of ITBP, which is currently posted there.
"The area where China has infiltrated was under the army till 2010. The government pulled out the army from there and handed it over to ITBP, which fall under the Home Ministry.
"I request that without any delay, the area under ITBP be handed back to the army because no other force can work there. It is a very sensitive matter and our country is facing grave danger from outside," Singh said.
The government so far has decided to go ahead with Khurshids visit notwithstanding the Chinese intrusion.
Khurshids trip comes ahead of the visit by newly elected Chinese Premier Li Keqiang to India later next month. A lot of significance is being attached to Lis visit, his first abroad after becoming Prime Minister last month.
The BJP chief said the way China was surrounding India from all corners was "not a recent thing" and that he had attracted the governments attention to this five years ago.
"I was the first politician to raise the issue of China building a dam on Brahmaputra five-six years ago and trying to divert its water. I raised this issue in Parliament. The Prime Minister said it is a serious matter and I would speak to you personally. I suggested composition of a joint committee to probe the matter but it wasnt done," Singh rued.
On the attack on Indian prisoner Sarabjit Singh in a Lahore jail, the BJP chief said had India been strong in protesting against earlier similar incidents in Pakistan, no one could have dared to attack him.
Singh said, "Sarabjit was attacked in a Pakistani jail and it is condemnable. It is the responsibility of the country concerned to provide security to its prisoners but the way Sarabjit was attacked is unfortunate and I condemn it.
"But it is not the first instance. Before this, Chamel Singh and somebody called Lakshman, who was arrested, were attacked inside jail and died later but the government of Pakistan did nothing," Singh said.
The BJP chief said that when a small country like Pakistan violates the border and kills Indian jawans, "we should strongly protest but we are never able to do that."
Maintaining that such instances jolt the countrys conscience, Singh said, "If we had been strong in protesting against earlier incidents, I can say with confidence that no one would have dared to attack an Indian prisoner lodged in a Pakistani jail because Pakistan government would have been scared and wary that if any harm comes on an Indian, India would take revenge.
"But they know that even if they behead our soldier, India would say nothing."
Singh said there is a crisis of credibility that the political class is facing right now because there is a huge difference in words and deeds.
"Our country is in a whirlpool of trouble. Indias pride is being hurt by corruption and it has to be dealt with. There is danger outside...besides the internal trouble," he said.
Party spokesperson Prakash Javadekar said, "The entire foreign policy of the government is in a coma. Be it the attack on Sarabjit in a Pakistan jail, the 19 km deep incursion in Ladakh by China or the beheading of Indian jawans, Indias position under this government has been very weak.
"This is a spineless government. It cannot assert our real position vis-a-vis our neighbour. We cannot even impress upon our neighbours to do justice. The attitude that the government has adopted in the Sarabjit is very condemnable," he told reporters here.
Javadekars comments on a day when Pakistan stopped consular access to Sarabjit, who is in "deep coma" in a Lahore hospital.
The BJP spokesperson said his party condemns the "weak response" of the government in this matter as it failed to take action even as Sarabjits family had apprised the government of its apprehension regarding possible attack.
"What Sarabjit is going through out is due to the total inaction of the Indian government. Government remained totally silent even after family members of Sarabjit had informed the government of their such apprehensions," he said.
The BJP spokesman also hit out at Prime Minister Manmohan Singh and Home Minister Sushilkumar Shinde for their remarks on the Chinese incursion.
"Prime Minister Manmohan Singh says it is a localised problem. How can it be a localised affair when the Chinese have entered 19 km deep in our territory and are not going back even after 15 days? They are still very much there. We do not approve the comment," he said.
The PM had yesterday noted that India does not want to "accentuate" the situation in the wake of the recent Chinese incursion in Ladakh and is working on a plan to resolve it.
"We do believe that it is possible to resolve this problem. It is a localised problem...," Singh had said.
Union Home Minister Sushilkumar Shinde had said that the area was "no mans land" and disputed between the two countries.
Taking strong objection to Shindes remarks, Javadekar said "there is a limit. It is so weird for the Home Minister to say that it is no mans land."
"Home Ministers remark that it is no-mans land is condemnable. We strongly condemn it," he said. Reported by Deccan Herald 20 hours ago.
"Despite all this, our Foreign Minister is going to China on a visit. I am sorry but I would humbly request the Prime Minister to stop the Foreign Minister. Till the time China leaves Ladakh and goes back, there should not be any visit to Beijing," Singh said addressing the Matri Shree awards function here.
He also demanded that the area should be handed over to the Army instead of ITBP, which is currently posted there.
"The area where China has infiltrated was under the army till 2010. The government pulled out the army from there and handed it over to ITBP, which fall under the Home Ministry.
"I request that without any delay, the area under ITBP be handed back to the army because no other force can work there. It is a very sensitive matter and our country is facing grave danger from outside," Singh said.
The government so far has decided to go ahead with Khurshids visit notwithstanding the Chinese intrusion.
Khurshids trip comes ahead of the visit by newly elected Chinese Premier Li Keqiang to India later next month. A lot of significance is being attached to Lis visit, his first abroad after becoming Prime Minister last month.
The BJP chief said the way China was surrounding India from all corners was "not a recent thing" and that he had attracted the governments attention to this five years ago.
"I was the first politician to raise the issue of China building a dam on Brahmaputra five-six years ago and trying to divert its water. I raised this issue in Parliament. The Prime Minister said it is a serious matter and I would speak to you personally. I suggested composition of a joint committee to probe the matter but it wasnt done," Singh rued.
On the attack on Indian prisoner Sarabjit Singh in a Lahore jail, the BJP chief said had India been strong in protesting against earlier similar incidents in Pakistan, no one could have dared to attack him.
Singh said, "Sarabjit was attacked in a Pakistani jail and it is condemnable. It is the responsibility of the country concerned to provide security to its prisoners but the way Sarabjit was attacked is unfortunate and I condemn it.
"But it is not the first instance. Before this, Chamel Singh and somebody called Lakshman, who was arrested, were attacked inside jail and died later but the government of Pakistan did nothing," Singh said.
The BJP chief said that when a small country like Pakistan violates the border and kills Indian jawans, "we should strongly protest but we are never able to do that."
Maintaining that such instances jolt the countrys conscience, Singh said, "If we had been strong in protesting against earlier incidents, I can say with confidence that no one would have dared to attack an Indian prisoner lodged in a Pakistani jail because Pakistan government would have been scared and wary that if any harm comes on an Indian, India would take revenge.
"But they know that even if they behead our soldier, India would say nothing."
Singh said there is a crisis of credibility that the political class is facing right now because there is a huge difference in words and deeds.
"Our country is in a whirlpool of trouble. Indias pride is being hurt by corruption and it has to be dealt with. There is danger outside...besides the internal trouble," he said.
Party spokesperson Prakash Javadekar said, "The entire foreign policy of the government is in a coma. Be it the attack on Sarabjit in a Pakistan jail, the 19 km deep incursion in Ladakh by China or the beheading of Indian jawans, Indias position under this government has been very weak.
"This is a spineless government. It cannot assert our real position vis-a-vis our neighbour. We cannot even impress upon our neighbours to do justice. The attitude that the government has adopted in the Sarabjit is very condemnable," he told reporters here.
Javadekars comments on a day when Pakistan stopped consular access to Sarabjit, who is in "deep coma" in a Lahore hospital.
The BJP spokesperson said his party condemns the "weak response" of the government in this matter as it failed to take action even as Sarabjits family had apprised the government of its apprehension regarding possible attack.
"What Sarabjit is going through out is due to the total inaction of the Indian government. Government remained totally silent even after family members of Sarabjit had informed the government of their such apprehensions," he said.
The BJP spokesman also hit out at Prime Minister Manmohan Singh and Home Minister Sushilkumar Shinde for their remarks on the Chinese incursion.
"Prime Minister Manmohan Singh says it is a localised problem. How can it be a localised affair when the Chinese have entered 19 km deep in our territory and are not going back even after 15 days? They are still very much there. We do not approve the comment," he said.
The PM had yesterday noted that India does not want to "accentuate" the situation in the wake of the recent Chinese incursion in Ladakh and is working on a plan to resolve it.
"We do believe that it is possible to resolve this problem. It is a localised problem...," Singh had said.
Union Home Minister Sushilkumar Shinde had said that the area was "no mans land" and disputed between the two countries.
Taking strong objection to Shindes remarks, Javadekar said "there is a limit. It is so weird for the Home Minister to say that it is no mans land."
"Home Ministers remark that it is no-mans land is condemnable. We strongly condemn it," he said. Reported by Deccan Herald 20 hours ago.
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China: America's Third Largest Export Market
Filed under: InvestingIn a new report, The U.S.-China Business Council reaffirmed China's importance to the U.S. economy. While China's GDP growth slows, dragging U.S. export growth down to 6.5%, the U.S. still shipped $109 billion in exports in 2012. Looking over the past decade, exports to China saw an average annual growth of nearly 17%, totaling $81 billion, or a 294% increase in exports to China from 2003 to 2012.
Source: U.S.-China Business Council: U.S. Exports to China by State, 2003-2012.
China's export markets' importance continues to grow. The only countries that beat China for the United States' top export markets were Canada and Mexico -- U.S. neighbors and NAFTA trade partners. The council notes that exports to China supported a broad range of American sectors, from crop production to transportation equipment, illustrating that not only are U.S. companies and producers competitive in the global market, but they're also increasingly important to growing markets like China.
Source: U.S.-China Business Council: U.S. Exports to China by State, 2003-2012.
While growth in exports to China continue to grow rapidly, the report cautions that the U.S. should do better. Although China continues to be the third-largest destination for U.S. exports, the U.S. share of imports into China has fallen from 10% to 7% from 2000 to 2012. In 2012, the U.S. was the fourth-largest source of Chinese imports. The U.S. did surpass Taiwan in terms of imports to China, but it remains significantly behind other international competitors. The European Union, Japan, and South Korea all ranked higher.
Source: U.S.-China Business Council: U.S. Exports to China by State, 2003-2012.
The report concluded that the U.S. should aim to reclaim 10% of China's import market by 2015. By doing so, America would strengthen its competitiveness in China, boosting overall U.S. sales and its global competitiveness. As the council put it: "The US-China trade relationship strengthens America's economy and creates well-paying jobs for American workers across the country."
The article China: America's Third Largest Export Market Reported by DailyFinance 15 hours ago.
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China's Going To Build Massive 4G Mobile Networks—Snubbing European Companies In The Process
STOCKHOLM/PARIS (Reuters) - Chinese telecom operators will start awarding contracts for super-fast mobile networks this year, kicking off the third wave of a global investment cycle that is reshaping the competitive landscape among telecom equipment makers.China, the world's biggest mobile market with 1.1 billion subscribers, is likely to further alter the picture at the expense of European suppliers by giving a huge boost to Huawei and its smaller Chinese rival ZTE.
Huawei already took a chunk of Europe's fourth generation mobile contracts last year, so another big win for it could be especially tough for middle of the pack gear makers like Nokia-Siemens Networks and Alcatel-Lucent. Both have struggled to combat Chinese competition and generate steady profits since being formed in mergers in 2006.
"China will blow everything else away in terms of volume this year," said David Geary, head of Alcatel-Lucent's wireless division.
Sweden's Ericsson currently has the biggest slice of the global mobile equipment market with around 35 percent, while Huawei has 17 percent, NSN 15 percent and Alcatel-Lucent 12 percent. The first wave of 4G investments that began in 2010 in Japan and Korea favored Ericsson and NSN, and saw the arrival of newcomer Samsung, while the second in the U.S. went largely to Ericsson and Alcatel-Lucent.
But even vendors that have done well in 4G so far need a China boost given the weak outlook for network gear this year.
Research firm Gartner sees network equipment sales up 2.3 percent to $79 billion in 2013 after a contraction last year.
China's three mobile operators - China Mobile, China Unicom and China Telecom - plan to spend a combined 345 billion yuan ($56 billion) this year on network upgrades. That includes investment in 4G, which multiplies mobile broadband speeds by up to five times for users of Apple Inc's iPhones or Samsung Electronics' Galaxy phones.
China Mobile will open the competition with a massive contract. It plans to plough 41.7 billion yuan ($6.75 billion) this year into 200,000 4G base stations in order to provide services for its 710 million customers - more than twice as many as there are people in the U.S.
Whether Europe-based network providers can grab a sizeable piece of that depends largely on whether the process for awarding 4G contracts in China follows the pattern set for the 3G ones, say analysts. Then, Huawei and ZTE gained a massive presence in local carriers' networks in part because of implicit government pressure to support local companies.
Senior sector executives are also worried that foreign companies' bids to win China business could also be complicated by a brewing trade spat with the European Union about whether Huawei and ZTE benefit from unfair trade subsidies.
-DIFFERENT PRODUCTS-
In past generations of mobile technology, telecom operators have often favored bids from the gear vendors that already supply them because it simplifies the upgrades and reduces costs.
Ericsson, Huawei, and NSN have surfed this trend, especially popular with Europe's cost-conscious operators, by offering multi-standard radio technology in which a single base station can handle 2G, 3G and 4G traffic.
Challengers including Samsung and Alcatel-Lucent, who have limited market share in 3G, are instead pitching so-called overlay 4G technology that is built from scratch on top of old networks.
How the competition between these products will play out in China, where the market is further complicated by the presence of two local standards known as TDD and FDD, remains to be seen.
But many analysts believe that Huawei and ZTE - already big suppliers of China Mobile since only 10-15 percent of 3G network contracts went to foreign vendors - will be winners, leaving the others to fight for smaller bits of the pie.
Michael Li, an analyst at China Everbright Research, predicted 60-70 percent of China's Mobile's 4G projects would go to Chinese because the bulk will be upgrades based on the current frequencies.
Peter Zhou, chief operating officer of Huawei's LTE business, said commercial discussions would start after June in China and predicted that Huawei would come out ahead in the global race for 4G leadership.
"I think that our single RAN (radio access network) focus since 2006 will assure our success," said Zhou. "Our customers when they choose a vendor they do not only think about price but rather the total cost of operating the network over time."
In trials for China Mobile, Huawei and ZTE have done the most pilots, followed by Alcatel-Lucent with 14.5 percent, according to IHS iSuppli. Ericsson and Nokia Siemens got just 8 and 7 percent of the trial business respectively.
Alcatel - along with Samsung, which is diversifying into networks from its stronghold in smartphones and TVs - is counting on beating the competition by persuading Chinese clients that single radio access network is not the way forward. Both Alcatel and Samsung hope to show Chinese clients that 4G networks with new technologies can be built faster and with lower operating costs.
For Alcatel-Lucent, which has swung back to net losses in the past four quarters and just replaced its CEO, China will be particularly key to the second half of the year. "We have a strong foundation in what will be the largest 4G opportunity in the world in the coming years," Geary said of China Mobile trials.
"Single RAN is one of the trends in the market, especially in Europe," I.P. Hong, head of global marketing in Samsung's Networks Business said in a statement. "However, if you look into large-scale LTE deployments in the U.S., Japan and Korea, most of them are overlay networks on top of existing technologies."
One CEO of a northern European operator, who did not want to be named because of the sensitivity of disclosing business information, agreed that there were significant cost advantages in awarding contracts to new network vendors.
"Prices for equipment have come down so much it is often cheaper for the new vendor to change out all the old equipment than to upgrade the site with new equipment," he said.
(Additional reporting by Chyen Yee Lee and Yimou Lee in Hong Kong; Editing by Sophie Walker)
Copyright (2013) Thomson Reuters. Click for restrictions
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Reported by Business Insider 13 hours ago.
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China Goes Gold Crazy. Why Now?
Spurring by a sudden drop in prices, Asians in the last two weeks have gone on a gold-buying binge. The Indians, the world’s largest net importers of the yellow metal, have been snapping it up of course, and so have the Japanese, now concerned about a falling yen and rising inflation. Hong Kong residents descended on the stores, but none have been so enthusiastic in stocking up on the commodity as Chinese from the Mainland. Mainland Chinese purchasers have been ferocious. First, they emptied stores in their own country. Caibai, Beijing’s largest gold merchant, had a queue 30 feet out the door on the morning of the 19th. “So many people in line,” remarked a customer in Nanjing, where one person splashed out 2.9 million yuan on ten gold bars each weighing a kilogram. Retailers ran out of stock in Guangzhou. The China Gold Association reported that on the 15th and 16th retail sales of gold tripled across China. Daily sales soared to five times the usual level at one retail chain. Volume on the Shanghai Gold Exchange, considered a proxy for the metal’s demand in China, surged, setting consecutive records of 30.4 metric tons on the 19th and 43.3 tons on the 22nd. The previous record was 22.0 tons on February 18 of this year. As Chinese emptied the shelves in their own country, they also went south and swarmed shops in Hong Kong, sometimes in groups. Chow Tai Fook, the world’s largest jeweler by market capitalization, said some stores popular with Mainland Chinese ran out of gold bars and that demand had not been as strong since the late 1980s. Demand for “9999” bullion—99.99% pure gold—was five times normal according to Haywood Cheung Tak-hay, president of the Chinese Gold & Silver Exchange Society. His organization effectively ran out of holdings as members tried to meet supply shortfalls. “In terms of volume, I haven’t seen this gold rush for over 20 years,” Cheung told the Financial Times. “Older members who have been in the business for 50 years haven’t seen such a thing.” What’s behind the unprecedented surge in buying? Obviously, the Chinese took advantage of a dip in prices—the deepest since 1983—but they kept on buying as the commodity clawed back some of its losses. Unlike the Japanese, they cannot be worried about a plunging currency. Nor can the Chinese be troubled by climbing prices. For one thing, the consumer price index has been signaling lower Chinese inflation in the months ahead. In March, the CPI increased just 2.1% from a year earlier, compared to a 3.2% rise in February. Of special importance were food prices, up 2.7% last month versus a 6.0% spurt the month before. In Q1, prices increased just 2.4%, about the same rate as the previous quarter. Although Beijing’s CPI undoubtedly understates inflation, it nonetheless shows a general weakening of price pressure, something mirrored in the continually falling producer price index. Because China is still a manufacturing-based economy, the fall in the PPI means the country is actually suffering deflation. Producer prices fell 1.6% in both January and February and 1.9% in March. A tumbling PPI is due in part to weakening commodity prices, but global prices are falling largely because of the stumbling Chinese economy. And that brings us full circle because gold prices plunged on the 15th in part because China’s National Bureau of Statistics had reported that Q1 GDP growth came in at 7.7%, well below consensus estimates of 8.0%. Moreover, the global sell-down on the 15th—stocks took a beating too—would have been worse had analysts focused on Chinese electricity statistics, manufacturing indexes, and corporate results, all pointing to an economy growing not at 7.7% but in the low single digits. It’s probably not a coincidence that the Chinese were the biggest buyers of gold in the last two weeks and, aside from North Korea, China has the most fragile economy in East Asia at the moment. The concern about the economy is evident throughout Chinese society. Especially at the top. On Thursday, Chinese state media reported that the Politburo Standing Committee convened a special meeting to consider the economy. Normally, the body takes up economic matters only at fixed times, the beginning, the middle, and the end of a year. The last time it met to discuss the economy in an April was in 2004. No wonder the Chinese are now stockpiling shiny yellow ingots, coins, and bracelets. Follow me on Twitter @GordonGChang
Reported by Forbes.com 9 hours ago.
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10,000 people suffer due to manganese tainted tap water in S China town
At least 10,000 people suffered a shortage of drinking water in a South China town on Wednesday following the detection of excessive manganese in the tap water.
Reported by Sify 4 hours ago.
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Taiwan Expands China Travel Advisory To 10th City And Province As H7N9 Bird Flu Spreads
With H7N9 bird flu spreading into a growing number of provinces in China, Taiwan has expanded a warning to would-be travelers to the mainland, the Central News Agency reported from Taipei.
Reported by Forbes.com 3 hours ago.
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China becoming global climate change leader: study
Sydney (AFP) April 29, 2013China is rapidly assuming a global leadership role on climate change alongside the United States, a new study said Monday, but it warned greenhouse gas emissions worldwide continue to rise strongly. The report by the independent Australian-based Climate Commission, "The Critical Decade: International Action on Climate Change" presents an overview of action in the last nine months. It was Reported by Terra Daily 4 hours ago.
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WEST CHINA CEMENT LIMITED - BONDS: FIRST QUARTERLY REPORT OF 2013
Miscellaneous* Asterisks denote mandatory informationName of Announcer *SINGAPORE EXCHANGE SECURITIES TRADING LIMITEDCompany Registration No.197300970DAnnouncement submitted on behalf ofWEST CHINA ...
Reported by FinanzNachrichten.de 3 hours ago.
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School For Torture Targets Falun Gong in China
The recent exposé of Masanjia labor camp published in mainland China left our essential information: the identity of victims, or the purpose of the torture and brainwashing they were subject to, or the sinister and crucial role of the camp in carrying out the most sweeping campaign of persecution orchestrated in contemporary Chinese history.The post School For Torture Targets Falun Gong in China appeared first on The Epoch Times. Reported by Epoch Times 2 hours ago.
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France Opening Up to China
France is open to China buying some of its companies as Europe's second-largest economy tries to foster more balanced trade relations with the Asian country, French Finance Minister Pierre Moscovici said.
Reported by Wall Street Journal 2 hours ago.
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Tanzania: Ecobank Launches China Desk in Dar
[Daily News]ECOBANK Tanzania Limited, an affiliate of the Ecobank Group, has launched the China Desk in Tanzania to support emerging business opportunities, international trade, infrastructure projects and investments between Tanzania and China.
Reported by allAfrica.com 2 hours ago.
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How China national broadband plan short-circuited
http://economicrisis.com/how-china-national-broadband-plan-short-circuited/6292 How China national broadband plan short-circuited It has been more than six months since the draft of a national broadband development strategy was submitted to the State Council for...
read more Reported by NowPublic 2 hours ago.
read more Reported by NowPublic 2 hours ago.
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China Shows Off World's Fastest Electric Car
With record levels of air pollution, China has pledged major investment in electricity-powered vehicles.
Reported by Sky News 2 hours ago.
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CHINA SPORTS INTL LIMITED: RESULTS OF THE ANNUAL GENERAL MEETING
Miscellaneous* Asterisks denote mandatory informationName of Announcer *CHINA SPORTS INTL LIMITEDCompany Registration No.39798Announcement submitted on behalf ofCHINA SPORTS INTL LIMITEDAnnouncemen...
Reported by FinanzNachrichten.de 1 hour ago.
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China's bosses criticized over high pay
Under chairman Jiang Jianqing, the Industrial and Commercial Bank of China raked in $38.5bn in net profits last year, making it the world's most profitable bank. For his efforts, Mr Jiang was paid $185,000, less than 1 per cent of the overall package awarded to Lloyd Blankfein, chairman of Goldman Sachs.
Reported by CNN.com 22 minutes ago.
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China bosses criticized over high pay
Under chairman Jiang Jianqing, the Industrial and Commercial Bank of China raked in $38.5bn in net profits last year, making it the world's most profitable bank. For his efforts, Mr Jiang was paid $185,000, less than 1 per cent of the overall package awarded to Lloyd Blankfein, chairman of Goldman Sachs.
Reported by CNN.com 1 hour ago.
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