With China’s Internet growth slowing, the country is opening up the broadband provider market to private enterprises as part of government sponsored trial. The country on Wednesday released a draft of the upcoming trial rules, which will let private enterprises sell broadband services in 16 cities... [Read more...]
World stocks up on China, Europe stimulus
Sydney – Asian markets rallied on Monday with shares in Shanghai hitting three-year highs as the prospect of further policy stimulus in China and Europe whetted risk appetites globally while sending the euro skidding. The single currency was near 28-month lows having shed 1.2 percent on Friday... [Read more...]
Courtesy, not confrontation, best for Europe
Source: China DailyMinister of Commerce Gao Hucheng arrived in the lobby of the European Commission’s headquarters at 9 o’clock on Saturday morning. He was led to the office of outgoing Trade Commissioner Karel De Gucht, who has been a thorn in the side of Chinese businesses because of his protectionist attitude... [Read more...]
Internet Power Balance Tilts Toward Asia
Source: The Wall Street JournalAfter Alibaba’s IPO, Four of the 10 Most Valuable Web Companies Will Hail From the Region. Silicon Valley dominates the Internet, but this week’s initial public offering by Alibaba Group Holding Ltd. shows how much action is shifting to Asia. When the Chinese e-commerce firm begins trading... [Read more...]
The Chinese technology companies poised to dominate the world
Source: The GuardianFrom PCs to smartphones, Chinese firms are outgrowing their home market and making their mark internationally. As we walked into Huawei’s offices in Shenzhen, southern China, our English guide paused for a moment. “When the FT came here, they wrote a story about how there were beds under... [Read more...]