Tag Archive
Chinese Telecos Move Into Latin America
(Fortune Magazine) — At phone operator Movistar’s sales offices in Buenos Aires, customers line up to buy high-speed wireless services to access the web on their mobile phones. Most Argentines don’t realize, though, that the company providing the gear for their broadband connections isn’t a longtime supplier to Latin America like Alcatel-Lucent, Ericsson, or Motorola,… »
Chinese Exporters See Record Drop
Chinese exporters see record drop
Chinese exports have dropped by a record amount in May as demand for its goods from the US and Europe slumped.Exports fell 26.4% from the same month earlier, more than February’s previous record drop. As the downturn has also affected China, and its imports have also declined. They dropped by 25.2%… »
Chinese Inflation Declines Again
Chinese inflation declines again
China’s consumer price inflation has fallen for the fourth straight month.The index fell 1.4% in May, from the same month last year, according to the National Bureau of Statistics. This was driven mostly by declines in non-food items, though the price of China’s most popular meat, pork, fell by 32% from last… »