Construction of IPTV platform going well
THE project to build a national IPTV platform was going smoothly, a senior Chinese official said yesterday.
Building a broadcast and control platform in Internet Protocol Television (IPTV) services was to integrate the Internet, TV and telecom networks, said Zhang Haitao, deputy chief of the State Administration of Radio, Film and Television (SARFT), at a press conference in Beijing. All 12 pilot cities, chosen by the SARFT to build local IPTV platforms, had finished the construction and linked their platforms to the central-level platform late last year, Zhang said.
China won t cut Boeing, Airbus jet orders
CHINA would not cut its orders for Boeing and Airbus jets because its self-developed commercial jets were not yet able to meet demand, China s top aviation regulator said yesterday.
Industry officials have been monitoring China s efforts to develop its own domestic jet manufacturing capability, raising questions about whether it may eventually cut back on orders from the main jet makers at some point. In November, China announced a 100-plane order for its first commercial jetliner, C919, as it moves to reduce its reliance on foreign planes and foster a domestic industry.
SOEs report surge in net profits
THE country s centrally administered State-owned enterprises (SOEs) reported net profits of 70.55 billion yuan (US$10.73 billion) in January, up 24 percent year on year, the nation s SOEs regulator said yesterday.
According to a statement by China s State-owned Assets Supervision and Administration Commission, the combined business revenue of the centrally administered SOEs reached 1.431 trillion yuan last month, up 23 percent year on year. There are 121 centrally administered SOEs under the SASAC.
Tesco signs JV for 3 more shopping malls
TESCO, the world s third-biggest retailer, has signed a joint venture to build three more shopping malls in China as part of its plans to rapidly expand in the world s most populous country.
The British supermarket group said yesterday that 50 percent of the venture would be owned by a consortium of Asian investors including Singapore s Metro Holdings.
The total value of the project to build the shopping malls in Shenyang, Xiamen and Fuzhou was around 170 million pounds (US$274 million), with Tesco and the consortium each investing about 30 million pounds of equity, it said.
