| TPG Sells Stake in Ping An |
Date: September 07, 2010
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HONG KONG—Private-equity firm TPG Inc. has sold its remaining stake in Ping An Insurance (Group) Co. of China Ltd. for $1.16 billion, a person familiar with the situation said Friday, in the latest example of how the U.S. company is reaping sizable profits by exiting some of its investments in Asia....
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| U.S. Officials Head to Beijing to Ease Tensions |
Date: September 07, 2010
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BEIJING—U.S. National Economic Council Director Lawrence Summers and Deputy National Security Adviser Thomas Donilon will travel to Beijing this weekend for high-level talks, as the U.S. and China work to iron out tensions on issues ranging from currency policy to military ties to Iran.
The White H...
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| China Set on Forcing Drop in Property Prices |
Date: September 07, 2010
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BEIJING—A series of official comments in recent days have shown that the Chinese government remains committed to forcing down housing prices, despite worries about a weak global economy and complaints from property developers.
The government's determination to keep cracking down on its frothy real-...
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| China to Adjust Price-Index Weighting |
Date: September 07, 2010
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BEIJING—China's statistics bureau will increase the weight of housing-related items and reduce the weighting of food in its official consumer price index next year, a government official familiar with the matter said.
The planned changes are the result of a regular five-year review of the CPI and r...
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| Chinese Tech Firms Plan More Android Devices |
Date: September 03, 2010
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BEIJING—ZTE Corp. and Huawei Technologies Co., China's two biggest telecommunications hardware makers, said they will offer new mobile devices that use Google Inc.'s Android operating system, with ZTE saying it plans to release a tablet computer akin to Apple Inc.'s iPad.
ZTE's Android-powered tabl...
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| Citigroup to Expand China Staff Over 3 Years |
Date: September 03, 2010
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BEIJING—Citigroup Inc. said Wednesday it plans to nearly triple its work force in China to about 12,000 during the next three years, as part of its strategy to expand rapidly in the country.
The plan is a "reflection of the fact that China is one of our priority markets around the world and we inte...
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| IBM Works on China's Medical Records |
Date: September 03, 2010
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BEIJING—The Chinese government's plan to spend billions on health-care reform has multinational technology companies like International Business Machines Corp. and Dell Inc. racing to secure a slice of a huge potential market that has long been too fragmented and disorganized to crack.
IBM is deplo...
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| China Deflects Pressure for Yuan Rise |
Date: September 03, 2010
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BEIJING—A senior Chinese central bank official held out little prospect of a more rapid appreciation of the Chinese currency against the U.S. dollar to address a persistent trade imbalance between the countries, despite mounting frustration in Washington.
Reuters Hu Xiaolian, a deputy gov...
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| Motorola Makes China Push |
Date: August 31, 2010
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BEIJING—Motorola Inc. unveiled a new smartphone version of its handsets that feature a popular Chinese handwriting technology, in hopes that the company can make a comeback in China, where it was once the market leader.
Motorola's Ming handsets were introduced in 2006 as phones designed for Chinese...
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| Hon Hai, Unit Offer Contrast |
Date: August 31, 2010
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TAIPEI—Hon Hai Precision Industry Co., the world's largest contract electronics maker by revenue, and its handset unit Foxconn International Holdings Ltd. reported contrasting results as one benefited from strong orders from Apple Inc., while Hong-Kong listed Foxconn was hurt by slower demand from k...
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