Asia - Europe Business

China Nov. Electricity Consumption Up 27.63%

China recorded a 27.63 percent year-on-year increase in electricity consumption in November to 328.39 billion kilowatt hours, reported data by the National Energy Administration.

The annual rate of increase recorded in November expanded by 11.76 percentage points as compared to October. On a month-on-month basis, electricity consumption in November rose 4.8 percent.

For the first eleven months of the year, electricity consumption rose 4.8 percent from the same period a year ago to 3.3 trillion kilowatt hours. Of this, 86.99 billion kilowatt hours were consumed by the primary industry, an increase of 8.09 percent year-on-year. The secondary industry recorded a 2.62 percent year-on-year increase in electricity consumption to 2.44 trillion kilowatt hours. Electricity consumption by the tertiary industry rose 11.6 percent year-on-year to 357.54 billion kilowatt hours. Electricity consumption by both rural and urban residents rose 11.87 percent year-on-year to 416.68 billion kilowatt hours.

The cumulative average utilization hours of power generation equipment nationwide totaled 4,138 hours in the first eleven months of the year, a decrease of 189 hours as compared to the same period the previous year.

Newly-installed power generating capacity totaled 69.03 million kilowatts, of which newly-installed hydropower generating capacity accounted for 15.05 million kilowatts while newly-installed thermal power generating capacity contributed 48.76 million kilowatts.

Lisa

 

China Slaps Duties on U.S, Russia Steel Products

China plans to begin imposing duties on December 11 on flat-rolled electrical steel products imported from the U.S. and Russia, the Ministry of Commerce (MOFCOM) announced.

According to MOFCOM, its investigations reveal that U.S. companies are dumping products at 10-25% margins from a price subsidy of 11.7% to 12%, while Russian companies are dumping products at 4.6% to 25% margins, substantially damaging China's domestic electrical steel industry.

 

Lisa

MIIT Announces October Telecom Data

China's telecom industry generated revenues of RMB 2.11 trillion in the first ten months of 2009, up 13.7 % year-on-year, said according to statistics released by the Ministry of Industry and Information Technology (MIIT) on November 20. China added 9.7 million mobile phone users to reach a total of 729.54 million in October. The number of Chinese fixed-line subscribers fell by 2.37 million in October to 321.38 million, while broadband subscribers rose by 1.56 million to total 100.89 million in October.

Lisa

MIIT: 192m Mobile Internet Users By Sept.

By September, China had 192 million mobile internet users, up 62.7% year-on-year, reported by the Minister of Industry and Information Technology. The market last year was worth RMB 11.7 billion, an increase of 54.4% year-on-year.

 

Lisa

Unicom Announces Q3 Earnings

China Unicom announced October 30 that it booked net profit of RMB 9.34 billion in the first nine months of 2009. The company's net profit was RMB 6.62 billion in the first six months of 2009.

Total revenues reached RMB 114.93 billion in the first three months, up from RMB 76.32 billion one quarter ago. Telecommunications services generated revenue of RMB 112.22 billion, with Unicom's mobile business contributing RMB 51.79 billion and fixed-line services accounting for RMB 59.83 billion.

Monthly average revenue per user (ARPU) among the company's mobile subscribers was RMB 41.6, compared to RMB 41.7 one month ago, while broadband ARPU fell to RMB 59.5 from RMB 60.2 in the first half.

Lisa

Datang Telecom: 18% Growth in 9 Mth Profit

Equipment provider Datang Telecom booked net profit of RMB 24.25 million in the third quarter of this year, bringing the company's profits for the first three quarters to RMB 38.96 million, up 17.94% year-on-year, the company announced October 29. Total business revenue reached RMB 7.02 in the third quarter, compared with RMB 5.27 billion in the same period of last year, while the company's revenues for the first nine months of the year hit RMB 2.18 trillion, compared with RMB 1.73 trillion in the year-ago period.

 

Lisa

China Mobile, Telecom to Aid Gov't Initiatives

China Mobile and China Telecom signed framework agreements with China's Ministry of Housing and Urban-rural Development on October 23 to cooperate on information infrastructure.

Under the agreement, China Telecom will assist with e-government, urban-rural information infrastructure, local network standardization, carbon emission reduction and environmental protection over the next five years.

China Mobile plans to support the ministry with e-government, information infrastructure, housing programs, public funds and environment protection.

Lisa

ZTE in global recruitment drive

Chinese vendor ZTE has launched a global recruitment drive for telecom talent as part of its international expansion plans.

 

The Shenzhen-based vendor plans to launch an international campus recruitment program in late 2009 which will include universities in the US, France, Mexico, Colombia and Ethiopia.

 

ZTE said that the initiative would “help inject fresh thinking and talent into ZTE from major regions in the world, accelerating its internationalization process to meet growing market demand.”


 

The vendor recently held a ceremony at Xi’an Jiaotong University in China to launch a drive to tap talent from more than 40 Chinese campuses. ZTE claims that it is the first Chinese vendor endeavor to actively recruit university students globally. In 2008, local employees accounted for 65% of ZTE’s overseas workforce.


 

Earlier in the year, ZTE conducted a pilot overseas recruitment campaign, hiring university graduates in India, Indonesia and other countries.

 

ZTE operates in over 140 countries and has 107 branches worldwide. Last year overseas business provided 60% of sales.

 

Lisa

China Mobile 9-Month Revs Climb 9% YoY

China Mobile recorded net profit of RMB 83.94 billion in the first three quarters of 2009, up 1.8% year-on-year, turnover reached RMB 326.98 billion, up 8.9% on an annual basis,. The company had a total of 508.37 million customers by the end of the nine-month period, up from 493.12 million by June 30, according to a company announcement released October 20.

Average revenue per user per month was RMB 75 during the reporting period, the same as for the first half of 2009.

 

Lisa

China Telecom 9 Mth Profit Slides 33%

China Telecom reported a net profit of RMB 11.39 billion in the first three quarters of 2009, down 33.9% year-on-year, in an announcement released October 20. Turnover reached RMB 154.75 million in the period, up 15.3% on an annual basis.

However, the operator saw its mobile user base increase 2.97 million in September to 46.78 million.

Lisa