Gold Rush Is Projected For China
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The projection of a ÃÂ¿relativeÃÂ¿ Olympic medals table released Feb. 20 by the British Olympic Association says China will win 11 more gold medals than the United States in the Summer Olympics.
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China&#39;s spending on fixed assets such  as roads and power plants accelerated in the first five months  of the year, prompting predictions of imminent monetary  tightening to slow the world&#39;s fourth-largest economy.
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BEIJING, Aug. 18 (Xinhuanet) -- China is already halfway to its stated goal of 20 gold medals at the Athens Olympics after going into the fourth day of the 16-day competition, CRIENGLISH.com said Wednesday.
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The Chinese earnings reports are coming. The Chinese earnings reports are coming.
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driven by China&#39;s insatiable demand for Australian coal - are expected to boost national export earnings by $12.5 billion this year.
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GUIYU, China  - Guiyu is a modern day gold rush town. But instead of panning for gold in babbling streams, workers shift through piles of broken old computer parts in acrid smelling shacks, smelting down parts with crude equipment to extract valuable metals like gold and copper.
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China's economy should expand by 10.5 percent this year as an investment boom surges ahead despite tightening government controls, the country's top planner said in comments reported Monday by state media.
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Chinese President Hu Jintao said Sunday  economic growth could exceed nine percent this year and foreign  direct investment could top $60 billion.
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Gold surged to a historic high above $910 an ounce, as investors rushed to buy the metal on further weakness in the dollar and expectations of a sharp cut in U.S. interest rates.
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Anglo-American mining giant BHP Billiton says Chinese demand has pushed annual production to record levels.
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(InfoWorld) - The eyes of the world are looking towards Beijing for the Olympic Games that will be held here fewer than 11 months from now. But for real China watchers, an event next month will draw much greater attention and have a much greater impact on the country than 16 days of athletics. In mid-October, China's ruling Communist Party will meet for its regular five-year congress. Unlike the annual National People's Congress, the Communist Party Congress sets the nation's agenda for the next five years, and usually results in a shuffling of ministers and even military leaders. China's economy, despite major market reforms over the past 25-odd years, is still centrally planned, and operates on five-year plans with specific targets and goals that are approved during the meeting. Unlike the Olympics, for which most observers expect generallyÂ unfettered Internet accessÂ and the nation going out of its way to show that it's kinder and gentler, the party congress is a time of tension, especially in Beijing. Wikipedia's recent re-blocking in China is certainly no coincidence, and as the meeting approaches,Â more blockingsÂ and a network slowdown should be expected. A slew of new, anti-"vulgarity" policies have just come down from the State Administration of Radio, Film, and Television (SARFT), designed to keep sex and violence off the airwaves. Offline, visitors to Beijing can expect an increased police presence, possibly including roadblocks and inspections at night. China's government representatives work full-time and for the most part are specialists, not generalists. Policy pronouncements come from the respective ministries and state administrations charged with regulating those particular areas. For example, the Ministry of Information Industry (MII) handles technology in general, meaning IT and telecommunications. Those regulatory announcements come out at other points, and therefore more specific news, likeÂ the issuance of 3G (third-generation) licenses, won't be issued during the congress. What role technology will play in China's next five years will be clearer one month from now. Although the party congress is very much a broad-strokes event, the prominent mention of various aspects of the economy sets the tone for the coming five years. During former President Jiang Zemin's reign, science and technology were at the forefront of the nation's direction. However, current leader Hu Jintao, has attempted to reduce the corruption so prevalent during Jiang's time, and has tried to make rural reform and closing the gap between rich and poor a priority. As such, agricultural technology, rather than IT, may receive more public attention during the congress.
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(InfoWorld) - The 2008 Summer Olympics is going to be China's coming out party, a chance for the country to show its modern face to the world. To that end, the Chinese government is pouring billions of dollars into new roads, modern stadiums, and an expanded subway network to prepare for the games. With less than 400 days until the opening ceremony on Aug. 8, 2008, workers and officials appear on track to have everything ready. Everything, that is, except 3G, or third-generation mobile technology. China remains one of the few Asian countriesÂ without 3G service, despite years of breakneck economic development and a love of high technology. Telecom analysts and industry insiders have long sought to divine the plans of China's Ministry of Information Industry (MII), which regulates the telecommunications sector, to give operators licenses for the technology. Year after year,Â the forecastÂ was always for licenses to be issued later this year or early next year. Eventually, most observers gave up guessing, tired of the game, as foreign equipment makers waited for a presumed surge in orders for 3G gear that never came. The main obstacle was TD-SCDMAÂ (Time Division Synchronous Code Division Multiple Access), a 3G standard that was largely developed in China and remains unproven. The Chinese government spent heavily on TD-SCDMA development, and officials won't give the go-ahead for 3G licenses until the technology is ready for deployment. When that might happen is anybody's guess. But TD-SCDMA trials are underway in several Chinese cities andÂ Nokia has handsets ready to shipÂ early next year, suggesting the technology may be close to commercial use. When Beijing won the bid to host the games, officials promised a "High-Tech Olympics" to highlight new technologies and showcase China's economic development. 3G was going to be one of the technologies on display. "We shall energetically develop the mobile communication technology of the third generation," the Beijing Organizing Committee for the Games of the XXIX Olympiad (BOCOG) promised in documents compiled for the city's bid. After Beijing won the bid, China Mobile CommunicationsÂ (China Mobile), the country's largest mobile operator, described how it planned to use 3G. The company said visitors would be able to buy tickets for Olympic events and watch live video coverage on their 3G phones, as well as access information about restaurants, shopping and sightseeing. Athletes and staff would also use 3G to access information related to the games, it said. China's commitment to the use of 3G during the Olympics was reinforced last December by Wang Xudong, China's minister of information industry, who promised operators would have 3G licenses in time to build their networks for the Olympic games. BOCOG officials declined to answer questions concerning the use of 3G during the games, but analysts expect the government to deliver on its 3G commitment. "The Chinese government will not break its promise," said Kevin Li, an analyst at In-Stat China, in Beijing. But regulators have another hurdle to overcome before 3G licenses can be issued China's telecommunications industry is split along geographic and technological lines, with two fixed-line operators and two mobile operators, as well as several smaller players. Since this structure was created in 1999, the industry has changed, complicating the 3G licensing process. China had 110 million fixed-line phone subscribers and 33 million mobile subscribers at the end of 1999, according to government statistics. Fast forward to May 2007 and the numbers tell a very different story: China had 372 million fixed-line subscribers and 496 million mobile subscribers. The disparity in subscriber growth is reflected in the financial performance of China's fixed-line and mobile operators, especially China Mobile. China Mobile saw its revenue rise 24.9 percent during 2006, while China United Communications Corp. (China Unicom), the country's other mobile operator, saw revenue increase 11.3 percent. By comparison, fixed-line operators China Telecommunications (China Telecom) and China Network Communications GroupÂ (China Netcom) saw their revenue rise 6.3 percent and 4 percent, respectively. "China Mobile's growth has made it the envy of other operators in China," wrote Matt Walker, a senior analyst at Ovum, in a recent research note. To put operators on a more equal footing, China is widely expected to split up China Unicom, which operates both a GSM (Global System for Mobile Communications) and CDMA networks. In this scenario, China Unicom's cellular operations would be divided between China Telecom and China Netcom, which do not currently offer cellular services, although both companies are involved in TD-SCDMA testing. But how the industry gets restructured is not up to MII alone. The State-owned Assets Supervision and Administration Commission (SASAC), which oversees China's state-owned companies, plays a central role in the restructuring process, and will help determine which 3G technologies operators are allowed to use with their licenses. The National Development and Reform Commission and Ministry of Science and Technology also have a say in these decisions. Once the questions of TD-SCDMA's readiness and the industry restructuring are resolved, MII can issue 3G licenses . That's likely to happen during the first half of 2008, with licenses for TD-SCDMA, W-CDMA (Wideband CDMA), and CDMA2000 1X EV-DO (Evolution Data Optimized) networks granted simultaneously, In-Stat's Li said. But not all of these networks will be in service for the games. "At least one type of 3G service will be commercially available during the 2008 Olympics, but we are not sure which technology will be available," Li said. "That's up to the operators." The most likely bet is TD-SCDMA. Operators have already signed contracts to build TD-SCDMA networks in Beijing and other cities, including Qingdao, where the Olympic sailing events will be held. Similar deals have not yet been struck for W-CDMA and CDMA2000 1X EV-DO, giving the homegrown 3G technology a head start for the games. Â
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On Aug. 8, when the Beijing Olympics begin in promised splendor, a few may reflect on how far or how fast China has come to host this high mark of international prestige.
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BHP Billiton plans an aggressive $US1.5-2 billion ($2.1-2.8 billion) near-doubling of its coking coal production over the next five years to meet the China-inspired surge in demand for carbon steel-making materials through mine expansions and developments
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SHANGHAI, China - Readying to host the 2008 Olympics, stretching beyond Asia to acquire coveted resources and icons of corporate might, China is steadily accelerating its ascent as a global economic power.
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Chinese Premier Wen Jiabao's grand tour of Europe this week is underscoring how the opportunities presented by the "super-market" that is China's billion people may be trumping the continent's long-standing ...
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BHP Billiton is set to reveal much higher-than-expected gold reserves at an Australian site, a report says.