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  1. LONDON (AFP) – Chinese technology giant Huawei is offering to install for free a mobile phone network worth £50 million on the London Underground train system in time for the 2012 Olympics, a report said Sunday. Huawei is presenting the offer -- worth the equivalent of $80 million -- as a gift from one Olympic host nation to another, reported the Sunday Times newspaper, without citing its sources. The company would reportedly install mobile transmitters along the ceilings of tunnels so that travellers can make and receive calls for the first time while underground. Mobile operators including Vodafone and O2 have agreed to pay for the installation work, while Huawei hopes to earn income in maintenance fees, according to the report. Transport for London (TfL), the official body responsible for the transport system in the capital, said talks had started on fitting a mobile network on the underground but did not confirm Huawei's involvement. "Transport for London and the Mayor of London are currently in discussion with mobile phone operators and other suppliers about the potential provision of mobile phone services on the deep Tube network," said a spokesman. But lawmaker Patrick Mercer, of the Conservative party, warned allowing a Chinese firm to provide the network could pose a security risk. "It has been proven that a proportion of the cyberattacks on this country come from China," he told the Sunday Times. "I wonder when the eyes of the world are upon us whether there is sense in using a Chinese firm to install a sensitive mobile network." Huawei, founded 23 years ago by Ren Zhengfei, a former People's Liberation Army engineer, has long rejected accusations that it has ties to the Chinese military. It insists it is owned by its employees and that Ren, its chief executive, has less than a two percent stake in the company. Huawei's technology is used to build mobile phone networks around the world and its consumer products include smart phones that run on Google's Android platform and technology to connect laptops to the Internet using 3G networks.
  2. SHANGHAI – China's auto sales powered ahead in November, jumping 27 percent to 1.7 million vehicles as car buyers rushed to beat expected increases in license plate fees in some cities. The rebound after a slowdown during the summer pushed sales for the year to 16.4 million vehicles, up 34 percent from the year before, the government-affiliated China Association of Automobile Manufacturers said in a notice Thursday on its website. While American automakers celebrate signs of a long-awaited revival in U.S. car sales, China's strong growth suggests it will retain its status, acquired last year, as the world's biggest market by sales of new vehicles. Sales of passenger cars surged 29 percent over a year earlier to 1.34 million, CAAM reported. The expected expiration of subsidies for purchases of small, energy efficient cars next year, and rumors that some cities plan to counter growing traffic problems by raising license plate fees, prompted buyers to head for the showrooms, says Zhang Xin, an auto analyst at Guotai & Jun'an Securities, in Beijing. "Consumers want to catch the last of the cheap car plates," Zhang said. China's craze for the automobile has left the streets of many cities desperately congested, prompting some cities to consider Shanghai's example in raising license plate fees. While plates cost just a few hundred yuan (less than $100) in most places in China, the cost in Shanghai, where they are sold by auction, usually is $6,000 or more. While car buyers can skirt the rules by registering vehicles outside cities with help from relatives in the countryside, cities sometimes impose restrictions on cars with out-of-town plates. Despite the surge in car purchases in November, output of 1.75 million new vehicles exceeded sales, pushing inventories higher. Demand is likely to slump in coming months since many buyers simply decided to move up purchases that otherwise would have been made next year, Zhang said. "This is excess growth. It's not hard to imagine a slump in the industry next year and I'm deeply worried about how that might affect other industries, such as energy, steel and so on," he said. ___ Associated Press researcher Ji Chen contributed to this report.
  3. China Poised to Become Global Innovation Leader Thomson Reuters IP analysis projects China annual patent volume to surpass Japan and U.S. by 2011 London, New York, NY Oct. 5, 2010 – China is projected to lead in patent activity by 2011, according to a detailed intellectual property analysis published today by the IP Solutions business of Thomson Reuters. The study, Patented in China II: The Present and Future State of Innovation in China, tracks global patent activity as a barometer for innovation across dozens of metrics to provide a view into China’s innovation economy. This second edition of the Thomson Reuters study suggests that patent filings in China will outpace Japan and the U.S. in 2011, one year earlier than was forecast when the first edition of the study was published in 2008. The projected growth in Chinese patent activity is based on analysis of the total volume of first-patent filings in China, Europe, Japan, Korea and the U.S. China experienced an annual growth rate of 26.1 percent in total patent volume from 2003-2009, as compared to its closest rival, the U.S., with a 5.5 percent growth rate. Beyond projected patent growth, the study also examines the composition of patents from China relative to its peer group globally, domestic vs. foreign patent applications, patent technology areas, government/policy implications, and patent quality vs. quantity. Following are some of the key observations in the analysis: * Expansion through Patents: While innovation by domestic entities is driving China’s patent boom, China is also expanding its IP protection overseas. From 2007-2008, the growth rate of China’s overseas patent fillings in Europe, Japan and the U.S. were 33.5 percent, 15.9 percent and 14.1 percent, respectively. * Chinese Government Is Driving Innovation: Government innovation incentives, R&D tax deductions, Chinese premier Wen Jiabao’s commitment to make China an innovation-centered economy, and unique patent types (such as utility models) contribute to China’s acceleration to the top innovator spot. * Shift from Agriculture to High Tech: As the Chinese economic landscape changes, a major shift is occurring in patent filings: agri-centered innovation related to food production is growing much more slowly than high-technology innovation. There was a 4,861 percent increase in domestic Chinese patent applications in digital computers in the decade from 1998 to 2008, versus a much more modest increase of 552 percent in natural products and polymers for that same period. * Alternative IP Rights in China – Utility Model Patents: Approximately half of all Chinese patents filed in 2009 were utility models, which are less-rigorous, more-affordable forms of patents that provide 10 years of protection (versus 20 years for invention patents). The use of utility model patents in China has grown at a rate of 18 percent per annum since 2001. Utility models are also a potentially valuable strategy for foreign filings in China. * Patent Quality Improving: Despite the growing use of utility model patents, Chinese patent quality is slowly improving based on the Thomson Reuters analysis. By tracking the ratio of patent applications to granted patents among full invention patents in China, the analysis finds that patent quality is trending up. The data in this report was compiled using the Thomson Reuters Derwent World Patents Index® (DWPISM) database, the most trusted source of global patent information with expertly-indexed records, enhanced titles and comprehensive abstracts, enabling deeper insight into patent research. To view the full report, Patented in China II: The Present and Future State of Innovation in China, go to: http://ip.thomsonreuters.com/chinapatents2010/index.html. About Thomson Reuters Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs 55,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com. http://thomsonreuters.com/content/press_room/tlr/tlr_legal/626670
  4. Store shelves would empty quickly, actually i found many stuff are lot cheaper here, food, clothes etc , (im from HK, some big cities such as Shanghai, Beijing, the cost of living is as high as in HK ) not a good idea to raise import tariff, not affordable for many
  5. http://www.fdic.gov/bank/individual/failed/banklist.html
  6. as far as i know, chinese prefer paying with cash , even when buying a home
  7. (AP) China's auto sales surpassed the United States' again in July, jumping 64 percent over a year earlier to 1.1 million vehicles as sales tax cuts and government subsidies spurred demand, according to data reported Friday. The figures are a boost to global automakers that are looking to China to drive revenues amid sluggish demand elsewhere. Passenger car sales rose 70.5 percent from a year earlier to 832,600 units, the Xinhua News Agency said, citing the state-sanctioned China Association of Automobile Manufacturers. China, with 1.3 billion people, has long been expected to overtake the United States as the biggest vehicle market. But the U.S. economic slump hastened that shift by depressing American sales while China surged ahead. Customers in the United States bought 997,824 cars and light trucks in July, according to research firm Autodata Corp. China's July sales raise its total for the first seven months of 2009 to 7.2 million vehicles, while U.S. passenger car sales totaled 5.8 million. http://www.cbsnews.com/stories/2009/08/07/...in5223937.shtml
  8. http://money.cnn.com/video/markets/2009/05...51309.cnnmoney/
  9. By Dave Hannon -- Purchasing, 5/1/2009 9:34:00 AM China’s Federation of Logistics and Purchasing said its monthly purchasing manager’s index has risen to 53.5 in April from 52.4 in March, indicating demand for materials is continuing to increase in China. It was the fifth month in a row that the index has improved and the second straight month in which the index has been above 50, indicating growth. According to Bloomberg, the output index in the report rose to 57.4 from 56.9 in March, the new order index climbed to 56.6 from 54.6, and the export order index increased to 49.1 from 47.5. However, of note to buyers, the purchasing price index was up three points to 51.3, taking it above 50 for the first time since September. The continued improvement in demand data has many economists more bullish of China’s manufacturing than they have been in a long time. “The worst is already behind China,” Sun Mingchun, an economist at Nomura Holdings in Hong Kong told Bloomberg. “Domestic strength should outweigh the tougher external environment.” “While a fifth monthly improvement in the PMI reinforces our confidence that the Chinese economy is starting to turn around, it appears sensible to guard against excessive optimism,” said Jing Ulrich, chairman of China equities for J.P. Morgan in Hong Kong in a recent Reuters report.
  10. SHANGHAI – China's auto sales hit a monthly record of 1.11 million vehicles in March, exceeding U.S. sales for the third month in a row, as tax cuts and rebates for small car purchases lured buyers back into showrooms, according to industry figures. The China Association of Automobile Manufacturers said sales rose 5 percent in March from a year earlier, when they totaled 1.06 million, the official Xinhua News Agency reported Thursday. The data confirmed that sales remained robust in China, the world's second biggest auto market, despite deteriorating conditions in most major markets. Americans bought 857,735 new vehicles in March, down 37 percent from the 1.36 million sold in the same month a year earlier, according to Autodata Corp. But a 25 percent jump in U.S. sales from February has raised hopes that the worst may be over for an industry battered by global economic malaise and financial catastrophe. China is bound to eventually overtake the U.S. as the world's largest auto market, and recent developments have accelerated that trend. Based on the figure reported Thursday, first quarter sales in China totaled roughly 2.67 million units. Sales of small vehicles with engines of 1.6 liters or less accounted for about 70 percent of the total, the report said. To counter a slowdown late last year, the government halved taxes on purchases of small autos and is spending 5 billion yuan (about $730 million) on subsidies for purchases of light trucks and minivans in the countryside, where most of China's 1.3 billion people live. "The smaller vehicles got a big boost from the policy to support the rural areas," said John Bonnell, an analyst with automotive research firm J.D. Powers and Associates. Still, he said the data were surprisingly strong given the weakness in the broader economy. "If you look at the economic data, there were very few reasons to be optimistic," he said. China's good fortune is a balm for ailing General Motors Corp., which reported Wednesday that it sold 137,004 vehicles in China in March, up 24.6 percent from a year earlier, despite its miseries back home. Its minivehicle joint venture, SAIC-GM-Wuling, saw sales surge 38 percent to 90,784 vehicles. Kevin Wale, president and managing director of the GM China Group, attributed the strong showing to a wide product lineup, and forecast that the company will double its sales, to more than 2 million a year, by 2014. "This is an ambitious target, but we have all the key fundamentals in place," Wale told a gathering of local reporters, noting that GM plans to launch or upgrade more than 30 models in China over those five years. Trucks and buses make up a larger share of China's sales than those of the United States or Japan. Some observers say that makes direct comparisons misleading. But many rural Chinese do use such commercial vehicles for everyday family driving. The larger sales figures for China also obscure the fact that most of its dozens of automakers are small manufacturers serving mainly regional markets. So far, none of the domestic car manufacturers have managed to meet rigorous U.S. safety standards, and most Chinese vehicle exports go to other developing markets in the Middle East, Latin America and Africa. But China's automakers are investing heavily in new technology and tie-ups with foreign market leaders while also launching electric and other alternative fuel vehicles. Meanwhile, they face ever intensifying competition from foreign automakers that are zeroing in on the China market for lack of strong alternatives elsewhere. "If China is the biggest market or the U.S. is the biggest market, it doesn't matter," said Ulrich Walker, chairman & CEO for Daimler Northeast Asia. But such indicators are crucial to marketing strategies, he said. "You have to know which is the biggest market because you have to tailor your products to fit," Walker said Wednesday as Daimler launched its Smart minicar in China, one of a slew of models due to debut in China before and during the April 20-28 Shanghai auto show.
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