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  1. News - China

    China to invest 2 trillion yuan to expand broadband

    Posted Sep 18th 2013, 08:40pm

    ... Reuters in Singapore Beijing plans to invest in improving and expanding internet networks on the mainland, vice-minister says China plans to invest 2 trillion yuan (US$323 billion) to improve its broadband infrastructure by 2020 with the aim of taking the nearly entire population online, a vice-minister said on Wednesday. The government is trying to improve fixed-line ...

  2. Special deals for use of government cars unleash online ire

    Posted Feb 24th 2011, 12:00am by Staff Reporter

    ... from their supervisors. They will then be charged between 1.50 yuan to 1.70 yuan (HK$1.77 to HK$2.10) per kilometre. Tens of thousands of mainland internet users have criticised the new rules ... Many internet users were also critical of the price that civil servants would be asked to pay, which is much lower than standard taxi fares in Guangzhou. Taxi fares start at seven yuan ...

  3. In Brief

    Posted Aug 28th 2008, 12:00am by Staff Reporter

    ... Acquisition helps boost earnings at China Automation Group China Automation Group, the country's largest provider of safety and critical control systems, saw 62 per cent growth in first-half net profit to 78.1 million yuan, after it acquired Jiaoda Microunion, a provider of railway interlocking systems, at the end of last year. Sales jumped 133 per cent to 408.8 million yuan ...

  4. 5b yuan plant in Wuhan for Lenovo

    Posted May 08th 2012, 12:00am

    ... Lenovo, the world's second-biggest supplier of personal computers, will invest 5 billion yuan (HK$6.16 billion) over the next five years to build a manufacturing plant ... would reach 10 billion yuan by 2014, increasing to 50 billion yuan in about five years, as its production output would serve both domestic and international markets. 'Overall, Lenovo's ...

  5. Citi, Wing Lung cut yuan deposit rates

    Posted Apr 02nd 2011, 12:00am

    ... Lulu Chen Citi and Wing Lung Bank slashed yuan deposit rates in Hong Kong. Citi cut the absolute interest rate of one-week deposits to 0.45 per cent from 0.7 per cent. The one-month deposit rate is down to 0.6 per cent from 0.8 per cent and the 12-month deposit rate is 0.629 per cent, down from 0.865 per cent. Citi also cut the three-month and six-month deposit rates. Wing ...

  6. Foreign demand lifts ZTE sales to 100b yuan

    Posted Feb 15th 2011, 12:00am by Staff Reporter

    ... Bien Perez ZTE Corp, the mainland's second-largest telecommunications equipment manufacturer, secured a record 100 billion yuan (HK$118 billion) in contract sales last year ... investments slowed to 122 billion yuan last year from its peak of 160 billion yuan in 2009. But ZTE said sales were boosted by the nation's three large carriers' efforts to integrate ...

  7. Biden's lunch in Beijing a hot topic on internet

    Posted Aug 20th 2011, 12:00am

    ... Priscilla Jiao priscilla.jiao@scmp.com Visiting US Vice-President Joe Biden's 79 yuan (HK$96) lunch in Beijing has been widely discussed by internet users in China, with many viewing it as more effective than the billions of yuan spent by China on a so-called 'soft power' campaign to boost its image overseas. Biden took his granddaughter to an old Beijing snack ...

  8. NetDragon records eightfold profit gain

    Posted Mar 21st 2008, 12:00am by Sherman So

    ... Sherman So Mainland online game company NetDragon Websoft posted an eightfold profit increase on the rising popularity of its games. The company reported net income of 374.8 million yuan (HK$412.99 million) for last year, up from 42.9 million yuan in 2006. Sales increased 428.6 per cent to 645.2 million yuan. The company declared 40 fen per share dividend. 'Growth was mainly ...

  9. CityU gets 5m yuan grant for China GPS project

    Posted Sep 11th 2010, 12:00am by Lana Lam

    ... Lana Lam City University has secured a 5 million yuan (HK$5.71 million) grant to develop a compact antenna for China's new satellite global positioning system. CityU is the first Hong Kong university to receive funding from the Beijing-based National Astronomical Observatory (NAO) to participate in the research and development of the Chinese Area Positioning System (CAPS). ...

  10. Perfect World seeks the best R&D team

    Posted May 25th 2011, 12:00am

    ... firm Analysys International forecast the annual revenue for the mainland's online games market to reach 73.13 billion yuan (HK$87.36 billion) next year, when the number of players ... and Information Technology. In the quarter to March, Perfect World posted a 16 per cent drop in net profit to 263.7 million yuan from 305.2 million yuan a year earlier due to higher general ...




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