”China” News

China's Changes In Telecom Sector Start Taking Hold

China forged ahead with the restructuring of its telecom market Monday, as China Unicom , the country's No. 2 mobile phone company , agreed to buy China Netcom Group for $23.8 billion in stock and to sell off part of its wireless business to China Telecom for $15.9 billion.
06 3 2008 3:51PM (...more)

China Unicom buying China Netcom for nearly $24B

HONG KONG - China pressed ahead with a restructuring of its telecommunications market Monday as mobile phone company China Unicom Ltd . announced plans to take over a fixed-line provider and sell off a mobile business.
06 3 2008 1:23AM (...more)

China Eastern-Singapore tie-up rejected

HONG KONG - A bid by Singapore Airlines for a stake in China 's third-largest carrier was rejected by shareholders Tuesday in a battle with a Chinese rival that highlights intense competition in a fast-growing aviation market.
01 9 2008 5:10AM (...more)

China unveils telecom restructuring

BEIJING - China's phone companies will merge into three large groups in a long-awaited government restructuring of its giant telecoms market that could lead to billions of dollars in new orders for foreign equipment suppliers.
05 31 2008 8:59AM (...more)

Shareholders OK merger of China's Unicom, Netcom

BEIJING - Shareholders have given final approval to a merger of phone companies China Unicom Ltd . and China Netcom Corp . in a government-mandated industry restructuring, the companies announced Thursday.
09 19 2008 4:53AM (...more)

Will China Become the No. 1 Superpower?

As the world focuses on China during the Olympics and keeps awatchful eye on Russia 's military moves in Georgia, there is anunderlying expectation - and for some, fear - that China is poised tobecome the world's new No. 1 superpower.
08 16 2008 1:44PM (...more)

Carriers Telefonica, Vodafone Positioned For Growth In China

As China nears a long-awaited restructuring of its telecom industry, two of Europe 's big phone companies, Spain 's Telefonica and U.K.-based Vodafone , have stakes in the outcome.
03 7 2008 3:48PM (...more)

China Life says approached by U.S. financial firms

BEIJING (Reuters) - Several U.S. financial firms have inquired whether China Life Insurance Co (601628.SS)( 2628.HK ) (LFC.N) would like to invest in them, Wan Feng, the president of the nation's biggest insurer, said on Wednesday.
01 17 2008 2:37AM (...more)

Chinese banks look to invest in Standard Chartered: report

LONDON (AFP) - China 's three leading banks have approached Temasek, Singapore's state investment agency, over the acquisition of its stake in Standard Chartered, the emerging-markets lender, the Financial Times said Monday.
11 19 2007 9:39PM (...more)

China's bank card issuance tops 1.3 billion

BEIJING (AFP) - China had issued more than 1.3 billion bank cards by the end of September, roughly equivalent to the country's total population, state press reported.
11 7 2007 1:43PM (...more)