Perhaps the biggest concern for Apple investors who were betting on its growth prospects is not whats been happening lately in China, but rather what did NOT happen last week. China Mobile /quotes/zigman/263044/quotes/nls/chl CHL +0.85% , the dominant wireless operator http://harringtonhtaw.gather.com/ in that country, made no announcement or advertisement signaling that it would begin carrying Apple devices. At the same time, a government agency there approved the new iPhones for use on the proprietary network of China Mobile, which controls two-thirds of the wireless market with over 700 million subscribers. Now, China Telecom /quotes/zigman/313142/quotes/nls/cha CHA +0.39% one of the two primary rivals to China Mobile that are already selling iPhones in that country just raised the price on the latest model by 27%, according to The Wall Street Journal http://bloggd.org/blog/v/TtHc/Bodybuilding.com+Debuts+Cellucors+Electrifying+New+Supplement+Brand%2C+Neon+Sport . To buy the new iPhone 5S with a two-year contract, China Telecom customers must pay 2398 yuan ($390). The same deal on the original iPhone 5 a year ago would have cost them 1888 yuan.
The Africans making it big in China
Thirty-five provincial cities have set annual home-price targets this year, mostly capping gains at the growth rate of local continue reading this.. disposable incomes. The government is unlikely to take strong action nationwide to curb the property market, as that may damp economic growth, said Zhu Haibin , Hong Kong-based chief China economist with JPMorgan Chase & Co. in a phone interview today. But local governments should come up with their own property policies by tightening in major cities and making some adjustments in smaller ones that have too much housing supply. Major Cities A gauge tracking property stocks on the Shanghai Composite Index (SHCOMP) rose 2.2 percent at the close of trading, the best performer among the five industry groups on the benchmark, which closed 0.3 percent higher. All four of the countrys major cities had their biggest gains since the government changed its methodology for the data in January 2011.
China's Bo Xilai writes defiant prison letter
Guangdong, a mecca for low-cost manufacturing, has drawn entrepreneurs from across Africa, creating one of the largest black communities in Asia.AFP/File An African man and woman walk past a clothing wholesale market in Guangzhou on August 26, 2013. The low-cost manufacturing mecca of Guangdong draws entrepreneurs from across Africa, creating one of the largest black communities in Asia.AFP/File Traders from Africa rest outside a convenience store in Guangzhou on August 26, 2013. The low-cost manufacturing mecca of Guangdong draws entrepreneurs from across Africa, creating one of the largest black communities in Asia.AFP/File A trader from Zambia sits outside a clothing wholesale market in Guangzhou on August 26, 2013. The low-cost manufacturing mecca of Guangdong draws entrepreneurs from across Africa, creating one of the largest black communities in Asia.AFP/File Next Slide Previous Slide HONG KONG (AFP) From a windowless room in a dilapidated Hong Kong high-rise, Ali Diallo sells Chinese electronics to retailers across Africa. The modest surroundings belie the multi-million dollar business the West African trader has built in the five years since he moved to the city. The 39-year-old from Guinea is part of a growing number of African entrepreneurs thriving in southern China, as trade between the world's second-largest economy and fastest-growing continent soars.
China?s internet war: another shot fired
The audit office's investigation of 45 counties in nine provinces and municipalities from 2009-12 found 1.6 billion yuan ($260 million) in fines had been given out in contravention of the rules, Chinese newspapers said on Thursday. The "social support fee" - the fine - is meant to go towards the government budget to compensate for resources and public services the child would use. National Health and Family Planning Commission spokesman Mao Qunan said the fines are "a means to ensure the implementation of the one-child policy", according to the official Xinhua news agency. His department is now pushing "related local family planning departments to rectify misconduct in the collection and management of such fines", the report said. The ministry "will take effective measures to address problems uncovered from the auditing process and improve the system on the collection and management of fines", Xinhua said. "The commission will tighten supervision and guide local family planning departments to publish information for public scrutiny," it said.
China to crack down on family planning fines after abuses found
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Though a guilty verdict is almost certain, his punishment remains in question. The http://www.savingsdaily.com/post/weight-loss-expert-tom-venuto-says-bodybuilding-is-the-true-fountain-of-youth charges against him mean he could be handed a death sentence, but several analysts said they expect him to receive a prison term of around 20 years. The downfall of Bo, 64, who was the top official in the southwestern megacity of Chongqing and one of China's most prominent politicians, exposed the ruling party to allegations of graft at a senior level. The scandal added to divisions ahead of a once-in-a-decade leadership transition that saw Xi Jinping installed as party chief in November. Bo fell from grace after his police chief fled to a US consulate. His wife was later convicted of the murder of a British businessman.
China's Huawei expects $2 billion in 4G revenue this year
Even though 4G LTE (long-term evolution) promises faster video streaming and Internet downloads, the cost of smartphones would need to come down before the technology can enter the global mainstream, they told reporters in a briefing. "The price of LTE smartphones is still higher that those without LTE technology. This is normal," said Peter Zhou, executive vice president for the LTE business unit at Huawei, the world's No.2 telecom equipment maker ranking behind Sweden's Ericsson . 4G revenue forecast looking good for Huawei There are 100 million 4G LTE users globally now, which makes up a small fraction of total mobile subscribers. That 4G number will grow to 1 billion in 2016, or more than half of total global subscribers, Zhou said.