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| China this week |
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Eat your heart out, Adam Smith
What was that famous metaphor about the markets, something about an invisible hand? Beijing has a thing or two to say about that. Today the CSRC slashed China's stamp duty, bringing it down to 0.1% - the same rate it was at last year before it was hiked. If you recall, when they raised the stamp duty last year, it was because the market was too high; the regulator's move caused a dip. Now, the market is too low - the Shanghai Composite Index on Tuesday was down 50% from its October high - so the regulator reached in and lowered the duty. It works. The SCI jumped nearly 10% in early trading and was around the 3,500 mark at mid-day, AP reported. Early in the week, the regulator also implemented another rule, limiting block trades to prevent a possible flood of shares into an already low market. |
China Mobile keeps raking it in
Another nice reporting season for China Mobile, which posted first-quarter profits that were 37% higher than the same period last year. By contrast, China Telecom posted a 0.5% rise in net profits, due to a shrinking fixed-line subscriber base (all those customers are getting mobile phone accounts) although its earnings were shored up by its broadband internet business, which has a growing user base. Look a little closer at China Mobile's numbers, however, and there is one negative indicator. The cute-sounding ARPU (average revenue per user) number fell by about US$0.40. It's a key metric for carriers, and it could indicate that China Mobile isn't working hard enough to get cash out of its users. Oh, one more thing - that long-rumored telecom restructuring (see the current issue of CER) has been lent credence by a CDMA joint venture that could happen between Korea's SK Telecom and China Telecom. The latter is supposed to run a CDMA network after the restructuring. |
| PetroChina, Sinopec to receive subsidies |
| Struggling China Eastern to take out $337m in new loans |
| China to lend Nigeria $2.5b |
| CIC allowed to invest more abroad |
| US, China at loggerheads over heparin |
| Coal reserves fall 12% from March |
| Beijing seeks to temper anti-French sentiment |
| China Economic Review this month |
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Report: Shut out
What Huawei and Bain Capital's failed bid for 3Com means for Chinese investment in the US
This is a subscriber-only article. Subscribe here. |
Cover story: Analyst calls for China's telecom industry
Where would a restructuring leave China's telecom share prices? |
Special report: Margin of error
Economists in Asia puzzle over a missing regional statistic |
| Recently in the Editors' Journal |
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More on private equity and the through-train scheme
Tianjin's government talks about its PE ambitions |
Macro figures, the yuan appreciates
'Tis the season for 2007 full-year statistics and new projections |
| Recently in the Sector News Pages |
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| Air travel: Airbus wants green aviation industry |
| Real estate: Protecting farmland from illegal occupancy |
| Upcoming conferences |
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The 3rd Annual Conference on Corporate Intellectual Property
Following on the success of last two years, we are pleased to hold the 3rd IP Conference on May 8th-9th in Four Points by Sheraton Shenzhen. As an annual gathering of IP executives and lawyers for the hottest issues concerning China's IPR protection, the conference is about to welcome a breakthrough both in its contents & styles along with the IP development in both China and the world, which will focus on the update trends and roles of IPR protection in China with the global stage. Tel: 86 21-52282070.
8-9 May 2008, Shenzhen, Guangdong, China |
SpaChina Seminar 2008 Shanghai
SpaChina Magazine will hold a 3-day seminar inviting spa professionals, spa trainers and spa product brands to provide an extensive communication platform to all those in China's spa industry.
20-22 May 2008, Shanghai, China |
China Budget Hotel Investment Summit
China Budget hotel investment summit organized by IBC brings together distinguished international and regional speakers. The three day conference will discuss Strategy & Growth Opportunities; Attracting Investment and Optimising ROI; Marketing & Branding Strategies; Best Practice in Franchising and Future Trends and Developments.
If you have any enquiry about this event, please contact us via Email:register@ibcchina.com.cn
Or TEL: 86 21 5116 5912
20-22 May 2008, Shanghai, China |
The 2nd Annual Conference on Corporate Compliance
The forum is a unique, 2-day conference focused on practical methods and approaches to corporate compliance & fraud risk management, which is a complex challenge for every company. You would hear hot topics tackled by expert speakers from leading corporate counsel and compliance officers with global companies. It is a rare chance to hear the enforcement perspective first-hand, with presentations from government and multilateral organizations. Fantastic exchange and networking with your peers through best practice roundtables, interactive discussions and social time!
22-23 May 2008, Shanghai, China |
China International Capital Market Forum 2008
Hosted by Securities Association of China and Beijing International Finance Expo, China International Capital Market Forum (CICMF) is the leading international forum. 25 distinguished speakers from top financial institutions like Goldman Sachs, Morgan Stanley, JP Morgan, Citi Group, Vanguard, Merrill Lynch, Lehman Brothers and Rothschild & Sons will all be gathering together at CICMF and deliver the important speech about capital market. The leaders from Chinese government will also attend our forum and share their opinions with our audience.
24 May 2008, Beijing, China |
Corporate Fraud Alert 2008
In today's corporate governance-driven business world, ethics is an unavoidable buzzword. Failure to enforce proper business ethics can lead to substantial fraud losses affecting both bottom line profitability and corporate reputation. Executing business ethics and compliance programs that embrace every employee is a delicate challenge. Beating corruption and fraud in companies is imperative. China Economic Review has invited leading businesspeople and market experts to help decision makers enhance ethics and compliance programs, develop anti-fraud measures and thereby avoid risks and boost competitive advantage.
28 May 2008, Shanghai, China |
Transfer Pricing China 2008
13 times in the Past 4 years, over 1000 Professionals participated, a Must-attend Event for Finance & Tax Executives, The most Successful Taxation Training Series ever Held in China!
4-5 June 2008, Shanghai, China |
BTL: Thinking out of the Box
Today's marketing messages need to be more focused and more efforts have to be placed in reaching the customer personally. Below-the-line marketing activities are therefore getting their ways and receiving positive responses.
This training, featuring a master in Marketing, Randy Hobler, intends to bring you innovative and yet practical knowledge to inspire creative ideas for BTL activities. You will also gain the know-how to achieve the proper marketing mix of ATL and BTL as well as effective techniques to measure ROI and build it into your business strategy.
5-6 June 2008, Shanghai, China |
3rd International Trade Fair for Logistics, Telematics and Transportation (transport logistic China 2008)
transport logistic China is based on the successful concept of transport logistic in Munich and profits from the Munich Trade Fair International (MMI) Group's international network. When it opens its gates in Shanghai from 17-19 June 2008, it will give Chinese and international exhibitors and visitors an outstanding platform where they can initiate business in the rapidly growing Chinese market, maintain important ties and impress decision-makers with presentations of their products and services.
17-19 June 2008, Shanghai, China |
Cityscape China 2008
Cityscape China 2008 - The 2nd International Property Investment & Development Exhibition and Conference is an annual opportunity for major investors, property developers, leading architects and designers, key organizations and government authorities to network, form joint partnerships and access the fastest growing economy in the world.
Running alongside the Exhibition: - Cityscape China Real Estate Investment and Development Conference
- World Architecture Congress China
- Cityscape China Real Estate Awards
- Cityscape China Golf Tournament
- Cityscape China Cocktail Party
To guarantee your presence book your exhibition space or sponsorship package now!
25-27 June 2008, Shanghai, China |
Expat Show Shanghai 2008
Following the success of the first Expat Show Shanghai, World Events Agency is organizing the 2nd edition from September 19th to 21st 2008.
This second edition will allow you to meet once again all the protagonists of the eclectic expatriate community of Shanghai to provide answers and solutions to all you're the questions expatriate people face in their daily life.
From companies to community or charity associations, from official country representation to English medias, everyone will gather during this 3 day show at one place in center Shanghai: Shanghai Exhibition Center.
19-21 September 2008, Shanghai, China |
China (Beijing) Internatioanl Autumn Real Estate and Construction Trade Fair 2008
Beijing Four seasons Real Estate trade fair has lasted for 15 years and is the largest one in Beijing. We welcome all unique and luxury real estate projects, real estate investment and service c, high-tech construction products to display on our trade fair.
30 October - 2 November 2008, Beijing, China |
