Monthly Archives: February 2015
Table of Contents of February 2015
1. Cover story
Qualcomm and China reach resolution
2. Economy outlook
Chinese service outsourcing industry adapting to economic new normal
3. Financial strategy
China Cord Blood Corporation reports financial results
4. Legal spotlight
Mainland China achieves basic liberalization of trade in services with Hong Kong and Macao
5. Point of interest
Cairns welcome Chinese visitors for the Chinese new year festival
6. Portrait
7. Remark from editor
Filed under Contents
Qualcomm and China reach resolution
Qualcomm Incorporated (NASDAQ: QCOM) on February 9, 2015 announced that it has reached a resolution with China’s National Development and Reform Commission (NDRC) regarding the NDRC’s investigation of Qualcomm under China’s Anti-Monopoly Law (AML). The NDRC has issued an Administrative Sanction Decision finding that Qualcomm has violated the AML. Qualcomm will not pursue further legal proceedings contesting the NDRC’s findings. Qualcomm has agreed to implement a rectification plan that modifies certain of its business practices in China and that fully satisfies the requirements of the NDRC’s order. Although Qualcomm is disappointed with the results of the investigation, it is pleased that the NDRC has reviewed and approved the Company’s rectification plan. The following are the key terms of the rectification plan: Continue reading
Filed under Cover story
Chinese service outsourcing industry adapting to economic new normal
Under the background that China’s economy entered into the new normal, new technologies, commercial formats and business modes in the service outsourcing industry sprung up, the role of innovation in development was even more important and individualized and diversified demands became the main stream and intelligent and specialized service became the new feature of the industry. China’s service outsourcing industry adapted itself to the new normal actively, transforming from rapid expansion of scale to mutual development of both quantity and quality. Continue reading
Filed under Economy outlook
China Cord Blood Corporation reports financial results
China Cord Blood Corporation (NYSE: CO) (“CCBC” or the “Company”), China’s leading provider of cord blood collection, laboratory testing, hematopoietic stem cell processing and stem cell storage services on Feb. 25, 2015 announced its preliminary unaudited financial results for the third quarter and first nine months of fiscal 2015 ended December 31, 2014. Continue reading
Filed under Financial strategy
Mainland China achieves basic liberalization of trade in services with Hong Kong and Macao
To reach the goal announced by Chinese Premier Li Keqiang in August 2011 that the mainland should make efforts to realize basic liberalization of trade in services with Hong Kong through CEPA by the end of the Twelfth Five-Year Plan, and approved by the State Council, the service trade liberalization deal with Hong Kong under the framework of CEPA (hereinafter referred to as the agreement) and that with Macao were signed on December 18, 2014 in Hong Kong and Macao respectively, and will officially enter into effect on March 1, 2015. Continue reading
Filed under Legal spotlight
Cairns welcome Chinese visitors for the Chinese new year festival
For the past 11 years the Cairns and District Chinese Association have been working with the Cairns Community to host a Cairns Chinese New Year Festival. Cairns is a regional city, encompassing smaller townships, in the far north of Queensland, Australia, founded 1876. The city was named after William Wellington Cairns, then-current Governor of Queensland. Continue reading
Filed under Point of interest
Taiwanese Premier Mao Chi-kuo
Mao Chi-kuo is Taiwan’s new premier. He replaced Jiang Yi-huah as the head of the Executive Yuan. Jiang’s cabinet resigned en masse after he stepped down Nov. 29, 2014 to take responsibility for the defeat of the ruling Kuomintang in local elections. Continue reading
Filed under Portrait
Can oil prices remain low for China?
Cheming Yang
China is likely to surpass the U.S. as the world’s largest crude oil importer in 2015 as U.S. oil imports continue to fall. U.S. remained the world’s largest market for crude-oil imports in 2014 with net crude-oil imports at 7.2 million barrels per day in 2014, compared to 6.2 million barrels per day by China. It has been said although China is set to become the world’s largest crude importer, its import growth is still not sufficient to make up for the fall in U.S. import demand until 2019. Continue reading
Filed under Remark from editor
GOLD MONEY TALK 