Business

Published: 19 Jul 2009 23:04:06 PST

Top 5 News From ChinaKnowledge.comSina’s acquisition of Focus Media may failHonda to increase annual output capacity in China by 16.7

Published: 25 May 2009 19:26:00 PST

Top 5 News From ChinaKnowledge.comUpdated ratings for Chinese industrial parks 2009Chinese stocks open nearly flat on TueChina Eastern to issue 1.44 bln new H-sharesHang Seng Index opens 71 points lower on TueChina life enters all-round strategic partnership with ABCMay. 26, 2009 (China Knowledge) – China’s Ministry of Industry and Information Technology (MIIT) said Monday that the country’s exports of electronics and information technology (IT) products dropped in the first four months of this year.

Exports of electronics and IT products declined 24.15% year on year to US$120.72 billion in the first four months of 2009, accounting for 35.8% of the country’s total export value.

During the period from January to April, exports of computer products decreased 24.47% from the previous year to US$45.19 billion, while exports of communication products declined 14.7% to US$22.17 billion.

Computers, cell phones, LCD panels, color TVs, processors and controllers are among the most exported products. Exports of laptops were down 9.11% and reached US$17.46 billion, while exports of cell phones decreased 9.95% to US$10.26 billion.

Exports to China’s three primary export destinations, Hong Kong SAR, the U.S. and Japan, stood at US$28.41 billion, US$24.49 billion and US$8.56 billion, down 25.41%, 16.9% and 23.61% year on year, respectively.

In the first four months of this year, imports of electronics and IT products declined 28.62% from a year earlier to US$80.97 billion, accounting for 30.9% of the country’s total import value.

The total value of imports and exports of electronics and IT products stood at US$201.69 billion, indicating a year-on-year decline of 26.01%.

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Published: 08 May 2009 01:09:25 PST

Top 5 News From ChinaKnowledge.comCITIC-Prudential Life Insurance mulls A-share listing in 2012Hang Seng Index opens 68 points lower on FriHuaneng Power International to issue RMB 4-bln in mid-term notesSOHO China mulls acquiring property from Morgan StanleyHang Seng Index finishes 0.21% higher at middayMay 8, 2009 (China Knowledge) – China’s Ministry of Industry and Information Technology (MIIT) said Tuesday that the country’s exports of electronics and information technology (IT) products fell again in March due to the ongoing global financial crisis.

In March, exports of Chinese electronics and IT products plunged 24.6% year on year to US$87.2 billion, accounting for 35.51% of the country’s total export value. Those exports declined 19% in the first two months.

The country’s imports of electronics and IT products in the same month stood at US$56.91 billion, down 31.1% from a year earlier.

Computers, cell phones, LCD panels, color TVs, processors and controllers are among the most exported products.

In March, exports of laptops, the country’s top export product, were US$12.7 billion, down 9.9% from a year earlier, while exports of cell phones were US$7.55 billion, down 11.3% year on year. LCD panel exports tumbled 47.6% to stand at US$3.05 billion.

Exports to China’s three primary export destinations, Hong Kong SAR, the U.S. and Japan, stood at US$20.57 billion, US$17.54 billion and US$6.38 billion, down 26.59%, 16.28% and 22.39% year on year, respectively.

The three largest exporting provinces, Guangdong, Jiangsu and Shanghai, saw export volume of US$36.11 billon, US$18.74 billion and US$13.79 billion, down 22.53%, 29.15% and 23.81%, respectively.

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Published: 20 Apr 2009 17:13:18 PST

Apr. 21, 2009 (China Knowledge) – Haier Electronics Group Co Ltd

Published: 16 Apr 2009 00:37:51 PST

Apr. 16, 2009 (China Knowledge) – Hunan Corun New Energy Co Ltd

Published: 09 Feb 2009 19:39:49 PST

MANILA, Feb 10 – Exports of Philippine electronics are likely to bottom out in the first quarter after posting its steepest drop on record in December, the head of an industry group said on Tuesday.

Customer inventories are beginning to dry up such that some demand may start to come back in the second quarter, Arthur Young, chairman of the Semiconductor and Electronics Industries in the Philippines Inc, told Reuters.

Published: 16 Jan 2009 00:46:41 PST

In its aim to take second place in leadership of the flat panel TV industry this year, LG Electronics unveils six world-firsts at the recent 2009 Consumer Electronics Show (2009 CES).

Unveiled, the new LG flat screen sets (LH90 Series: LH90 and LHX) boast the slimmest make and advanced LED and dimming technology. As the world’s slimmest, the LHX line of screens measure just 24.8mm thick, using silicone lenses to amplify the light, while simultaneously increasing the backlight’s quality.

In contrast to the industry average of 300 to 400 LEDs per set, LG uses between 1,000 and 1,500 LEDs for backlights as with screen size. This method allows the screen to be divided into 240 different sections that can be individually adjusted to create clearer and more natural images, even when light and deep shades appear on screen together.

“There is nothing else like this on the market,” said Havis Kwon, Head of LCD TV Business of the LG Home Entertainment Company. “The LH90 series HDTVs are conceived as one-of-a-kind sets, beyond ordinary TV technology. Discerning consumers will instantly recognize the difference in watching our LH90 and LHX sets; no other television will look the same after experiencing them.”

What makes the LHX line even better is the doing away of cable clutter that is usually a problem for multiple connections from other equipment. This was made possible with LG’s world-first wireless 1080p Full HD TV technology.

In the premium LHX and LH85 models, this wireless technology delivers completely uncompressed, 1080p “Full HD” picture quality. There is just one power cord that plugs directly into the set. Connecting wires from other devices are plugged into a separate unit that can be placed up to 30 ft away from the screen without compromise to picture quality and wireless transmission.

“Consumers don’t need to sacrifice picture quality for more convenience,” said Mr. Kwon. “The LHX and LH85 play the latest Blu-ray discs and video games at the highest quality with LG’s outstanding wireless 1080p Full HD TV technology, because we want our consumers to be absolutely satisfied with every aspect of the TV viewing experience.”

More to this stylish design and convenience, LG’s world-first 240Hz LED-scanning technology coined TruMotion 240Hz creates crystal clear images with natural movement. It eliminates motion blur using backlight control technology, instead of covering it by inserting interpolation data as other sets do.

And when combined with LG’s advanced Super IPS panels, the 240Hz technology helps LG achieve the world’s fastest response time on LCD TV at a mere 2 millisecond, which is how watching content on the LG LH90 series (LH90 and LHX) and LH55 makes an immersive television experience. Even better, the entire high-quality experience comes with lower power consumption and reduced heat and electromagnetic interference (EMI).

Not only is LG delivering superb picture quality to its consumers, but its efforts also extend to providing them with the most diverse and open TV viewing experience. This is now made by possible via its world’s first collaboration with major web portal Yahoo!, the first partnership of its kind in the world. LG’s innovative broadband technologies offer the ultimate in TV entertainment. The included Yahoo! Widget service offers basic information, such as weather, finance, news and Flickr photos. LG also provides direct YouTube access and Netflix Instant Streaming service. With these features, high-speed internet users will be only a 30-second download away from a selection of more than 12,000 movies.

Apart from all the features, the ultimate beauty in LG’s introductions is the energy savings that is also the world’s lowest in power consumption in electronic products: The LG LH30, equipped with an energy saving LCD screen, uses up to 80 percent less power than other LCD TVs. Its stand-by energy consumption is just about zero, meaning less nighttime or standby power leakage.

In addition, LG’s incorporated eco-friendly features like the Intelligent Sensor II Technology in particular reduces power consumption by a maximum of 73 percent compared to older models of the same size, and helps produce a pictures that minimize eye strain and fatigue during extended viewing.

Although LG TVs consume less energy, their fine picture quality and pleasant viewing experience are by no means compromised. The Intelligent Sensor II dims the backlight whenever possible to accommodate the surrounding environment, ultimately providing audiences with the finest picture quality at a lower cost.

Source:designtaxi.com

Published: 29 Dec 2008 17:37:12 PST

Dec. 29, 2008 (China Knowledge) – China UnionPay (CUP) will cooperate with Japan-based retailers and manufactures to open an electronic mall in China for Japanese goods next month, sources reported.

The Internet shopping mall, namely “Buy-J.com”, will accept the China UnionPay cards for payment. Through the website, Chinese customers will be able to purchase the Japanese products on line, pay with the UnionPay cards and have the goods shipped to China.

The electronic mall, which is mainly organized by CUP and Sumitomo Mitsui Card Co, will sell gadgets, clothing and cosmetics from about 100 Japanese companies. The E-shopping site has set sales target of ?4 billion in 2009.

Electronics retailer Yodobashi Camera Co and drugstore chain Matsumoto Kiyoshi Co are reportedly considering opening shops on Buy-J.com.

Published: 25 Dec 2008 17:43:19 PST

ASIAN stocks rose for the first time in five days, led by Japanese shipping companies and electronics makers, on speculation falling oil prices will ease fuel costs and encourage consumers to spend more.

Shares in the Persian Gulf, Russia and China retreated.

Mitsui OSK Lines Ltd, Japan’s biggest iron-ore ship operator, jumped 5.4 percent as crude lost more than 9 percent, sending tanker fuel prices lower.

Panasonic Corp, the world’s largest maker of consumer electronics, rose 4.3 percent after United States consumer spending fell less than forecast. Guangdong Electric Power Development Co led Chinese utilities lower on a report they’ll have to pay more for coal.

“Cheaper oil will allow Americans to spend more on discretionary items,” Yoshinori Nagano, a senior strategist at Tokyo-based Daiwa Asset Management Co, which manages about US$96 billion in Tokyo, told Bloomberg News.

Opposite effect

“Higher fuel costs have eaten into company profit, and with crude falling by this degree, we’ll probably see the opposite effect next year,” Nagano said.

The MSCI Asia Pacific Index added 0.66, or 0.8 percent, to 87.16 as of 7:30pm in Tokyo, the first advance since December 18.

All but one of the gauge’s 10 industry groups advanced.

Japan’s Nikkei 225 Stock Average climbed 1 percent to close at 8,599.5. Most markets in the region were closed for the Christmas holiday.

In Russia, OAO Lukoil, the country’s second-biggest oil producer, and OAO Surgutneftegaz, the fourth-biggest, led the retreat with declines of more than 2.5 percent. Dubai’s benchmark stock index fell for a seventh day on concern economic growth will slow.

China’s CSI 300 Index, which tracks yuan-denominated A shares on the mainland’s two exchanges, fell 16.31, or 0.9 percent, to 1,870.77, the lowest level since December 2. Thailand’s SET Index rose 1.3 percent.

The MSCI Asia Pacific has slumped 45 percent in 2008, the worst annual performance in its two-decade history, as the most severe financial crisis since the Great Depression dragged economies worldwide into recessions.

US consumer spending declined 0.6 percent last month, the Commerce Department said, as cheaper gasoline left Americans with more cash. Economists had expected a 0.7-percent drop.

Prices for energy and raw materials have plummeted as the outlook for the global economy dimmed, providing some cost relief for consumers and manufacturers.

The lower-than-anticipated decline pushed US stocks higher for the first time in three days yesterday, easing concern that the recession will cause corporate revenue to plummet.

Dow Jones

The Standard

Published: 09 Dec 2008 18:31:45 PST

MANILA, Dec 10 – Philippine exports of electronic goods, a major driver of the country’s overall exports, are expected to fall 5 to 8 percent this year from 2007 on falling demand due to a global slowdown, the head of an industry group said on Wednesday.

Electronics exports, accounting for about three-fifths of total shipments from the Philippines, would contract further by about 8 to 10 percent in 2009, Arthur Young, chairman of the Semiconductor and Electronics Industries in the Philippines Inc (SEIPI), told Reuters.

Philippine exports fell 14.9 percent in October from a year earlier, the biggest decline since December 2001, with electronics shipments falling 18.9 percent during the month.