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Business
Lenovo and Xiaomi Make New Friendship with Windows Phone
Microsoft has announced that it will develop smart devices with help of its Chinese friends-smart phone makers Lenovo and Xiaomi. It has been confirmed that Lenovo and Xiaomi had made commitment to run the latest version of Windows operating system. Lenovo is planning to launch Windows-based smartphones this summer according…
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Business
3 Free-trade Zones Will Be Added in China
China is getting ready to build for three more free-trade zones. AFP(Shanghai) reported. On Tuesday, President Xi supported Politburo meeting to approve 3 new FTA zones in the southern province of Guangdong, eastern province of Fujian and northern city of Tianjin, depending on Xinhua. Guangdong FTZ(Free-trade Zones) is designed to…
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Business
Top 3 Favorite Choices of Chinese Travelers “Korea, Russia, Japan”
Chinese overseas tourists are changing their travel habits with currency shifts, evolving fashions and visa policies, which helps with South Korea, Japan and Russia became the biggest beneficiaries. According to the Korea Tourism Organisation, China Mainlanders visit to South Korea had soared up to 58% against the year before, reach…
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Business
Alibaba’s Ambition of a New Entertainment Empire
China’s dominant e-commerce platform Alibaba is just trying to build glamorous empire in entertainment area. According to IHS Technology’s report, China’s box office rose by a third to hit $4.8bn in 2014. That is 1/2 of the US figure. But the latter shrank 4 per cent last year. Chinese entertainment…
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Chinese Consumer Confidence is Restoring
China Consumer Sentiment Indicator increased 2.4 per cent in March to 114.7, from a reading of 112 in February according to a monthly survey by Westpac MNI in Australia. Consumer Sentiment Indicator is a “tentative sign” that consumers have registered easing measures undertaken by the People’s Bank of China, which…
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Business
British Food Exports to China Increased due to Chinese Special Diet
China’s appetite for British milk, pork, tea and salmon led to a 12 per cent jump in food exports to the country last year. The chinese market was particularly attractive because it complemented British eating habits. “The Chinese diet is different, they tend to eat things that we don’t consume,…
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Business
China’s Manufacturing Continued to Shrink
Manufacturing in China contracted to the lowest points during last 11-month, according to research of influential index by HSBC, a Chinese well-known financial institutions. It was worse than expected HSBC said. The preliminary reading of March was 49.2, against 50.7 in February, and versus expectations of 50.5. Any score…
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Business
China Mobile’s Profit Fell 10% for Capital Expenditure of 4G Service in 2014
The world’s largest mobile network-China Mobile, fell 10 per cent to Rmb109.3bn of its Profits in 2014, partly the result of an ambitious capital expenditure programme of its 4G service. China Mobile boasts 62 per cent of all mobile phone customers in China, its share of mobile data traffic is…
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Central Asia
Interview with Bank of Mongolia’s deputy governor
The Mongolian Republic, the heir of Genghis Khan, who had once ruled over Asia and even part of Europe, has recently been trying to develop natural and human resources. Magazine N’s correspondent in Mongolia, Uyanga Amarmend, has met with the deputy governor of the Bank of Mongolia to interview him…
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Surrender to 80% piracy Microsoft Offer Windows10 free to Steady Chinese Market
Microsoft has decided to offer hundreds of millions of Chinese pirated software users a free upgrade to legitimate copies of the Windows operating system. Piracy has plagued Microsoft’s business in China, where it is estimated that 80 per cent of PCs running Windows are using pirated software. Ironically that has…
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