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BizChina

China's gold consumption set to rise by 4%

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By David Cao
David Cao
18 November 2010
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China gold consumption

China's gold consumption is set to rise by about four percent from a year earlier to 430 tons this year, said a senior executive of China National Gold Corp, one of the country's largest gold producers.

Sun Zhaoxue, the company's general manager, said that accelerating domestic output will reduce China's need to import.

"China's gold production has been gradually increasing and will continue to do so in the coming years, so imports could start to gradually fall," Sun told a conference in the port city of Tianjin.

Sun's view contradicts that of most analysts, who expect China's gold imports to rise in the coming years, as demand for bullion increases from both official and private investment purchases.

Read more: China's gold consumption set to rise by 4%

China Mobile Helps iPhone Users Reject Rival

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By Loretta Chao
Loretta Chao
14 November 2010
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China mobile

Apple’s carrier partner in China, China Unicom, was hoping its deal to carry the iPhone would help it lure customers away from rival China Mobile, but many China Mobile users resisted the switch, choosing instead to modify their iPhones to work with their existing accounts. Now, the Beijing unit of China Mobile has set up a website to make it even easier.

In addition to providing instructions for how to activate an iPhone 4 with China Mobile service (changing settings to enable location-based services, for example), the website says ten China Mobile outlets around Beijing will provide a special service to help users cut their SIM cards to fit the iPhone 4’s smaller microSIM card slot.

The website offers a helpline for users with technical questions and says China Mobile Group Beijing Co. “is now working hard to make the microSIM card, and it will soon be available in our outlets.”

Read more: China Mobile Helps iPhone Users Reject Rival

China Unicom Launches ‘WoStore’

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By David Cao
David Cao
14 November 2010
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China Unicom has launched a long-expected application store for users to download apps like games and Internet browsers to their mobile devices, making it the latest mobile carrier looking to reproduce the success of Apple’s App Store.

Mobile carriers, especially, are building their own takes on the App Store as they look for sources of revenue besides providing simple data connections, a business where tough competition drives down margins. Many carriers want to control their own download stores in addition to any offered by the makers of their customers’ handsets.

ZTE, a Chinese maker of telecommunications equipment and mobile phones, said this week it helped build the application service – called the WoStore – and that it will support “all open smartphone platforms” except the iPhone, as well as devices like tablets.

China union Wo

Read more: China Unicom Launches ‘WoStore’

The Priest and the Businessman - Li Ka-shing

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By David Cao
David Cao
14 November 2010
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A Catholic priest’s willingness to speak his mind about Li Ka-shing, the Hong Kong business leader who is one of the city’s biggest real-estate developers, has prompted meetings with a representative of Mr. Li and an unusual statement of “regret” from the church — though not from the priest.

It all started on Oct. 31, when Reverend Thomas Law of the Catholic Diocese of Hong Kong compared Li Ka-shing to the devil in a discussion criticizing property practices. After a Halloween party, the Rev. Law said that ghosts couldn’t compare to greedy property developers and mentioned Mr. Li as the “true devil that kills people.”

Li Ka-shing

Read more: The Priest and the Businessman - Li Ka-shing

Starbucks to Open China Coffee Farm, Securing Global Supply

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By LAURIE BURKITT
LAURIE BURKITT
14 November 2010
Hits: 1553

Starbucks China

Starbucks Corp. signed a deal with the Chinese provincial government of Yunnan to set up its first-ever coffee-bean farm in the world to cater to a rapidly growing population of coffee drinkers in China amid a global battle for quality coffee beans.

In the southwest province steeped in thousands of years of tea production, the Seattle-based coffee chain is hiring and training local coffee growers. The hope is that Chinese-grown arabica beans, a bitter-earthy variety, will fill the cups of a culture that is acquiring a growing taste for coffee.

 

Read more: Starbucks to Open China Coffee Farm, Securing Global Supply

More Articles …

  1. Chinese Plan to Buy Stake in GM
  2. China could surpass US in 2012
  3. China Shops in the U.S. For Auto Parts Makers
  4. Hublot CEO: Average Guy in China Hates Hublot
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Page 51 of 126

Banking

  • China's Gold VAT trade reform aims to tax free for investment
  • China's digital RMB transactions top 14.2 trillion yuan
  • Renminbi asset appeal spurs dim sum bond market
  • UnionPay International Expands European Footprint with Strategic Partnerships and Enhanced Payment Network
  • China T-bond move seen safeguarding financial stability

Real Estate

  • 21 Chinese cities tighten Real Estate Policy
  • LANZHOU NEW AREA new ghost town in China
  • Chinese invest $110 billion in US real estate
  • China's listed real estate companies post $461b of inventories for 2015
  • Beijing eases restrictions on foreigners buying apartments

Society

  • Chinese Scientists Detect First Radio Pulses from 'Radio-Silent' Dead Star
  • China NIA: Average daily inbound and outbound passenger volume to increase 14.1% during Chinese New Year
  • China U23 team's historic breakthrough
  • China's New railway timetable enhanced connectivity nationwide
  • Yiwu's Factory flaw “sad horse" toys go viral on Chinese Internet

Manufacturing

  • China to Build Seamless Asteroid Monitoring Network Covering Solar Blind Spots
  • Solar thermal power station in Jilin sets pace for cold climates
  • China-made C919 transports 5 million passengers in past 3 years
  • China's large drone FP-985 completes pioneering plateau logistics flight
  • China's NEV output tops 16 million units as exports double

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