The number of cell phone users in China hit 592 million. That’s 8% more than at the beginning of the year.
At the same time, the number of land-line users dropped by 6.5 million to 358 million.
What do you think that means for China Mobile?
From the monthly archives:
June 2008
It looks like it won’t be long until China Mobile starts selling Apple’s iPhone in China. According to a China Mobile spokesperson:
“Apple is no longer insisting on a revenue-sharing policy, so the biggest hurdle for China Mobile to bring in the iPhone has been cleared.”
Yesterday was one of the nastiest days for the stock market in a while. And the market as a whole is on track for its worst June since the Great Depression, according to Bloomberg. That’s not exactly the kind of news you want to read while you’re drinking your coffee and munching on your bagel. [...]
The Taiwan cabinet expanded the ability of Taiwanese brokerage firms to invest in China. Taiwan brokers can invest up to 20% of assets into Chinese companies, double the previous limit.
This is just more money that will pour into Chinese stock and that is a very good thing.
Inflation isn’t just a U.S. problem.
Inflation (especially for food) is also a problem in China. Consider this: McDonalds just raised prices on most of its menu items yesterday.
It is also the second time this year that it has raised prices.
McDonalds isn’t the only company raising prices in China. KFC and Pizza Hut increased menu prices [...]
I’m very busy putting the finishing touches on my new oil report. which comes out July 1. Here are a few things to read …
Tim Iacono over at Seeking Alpha wonders if gold is about to make its next big move higher. And he has chart eye-candy …
Are we really heading for [...]
We just got May existing home sales data from the National Association of Realtors. Here’s what the numbers looked like …
* Sales climbed 2% to a seasonally adjusted annual rate of 4.99 million in May from 4.89 million in April. That was slightly better than the average forecast of 4.95 million home sales. Sales were [...]
Some breaking news out of Bank of America: The company plans to get rid of 7,500 employees after it consummates its deal to buy Countrywide Financial. That’s expected to happen July 1 now that Countrywide shareholders have voted in favor of the deal. Personally, I think this is one of the worst deals in the [...]
Goodyear thinks there is a mother lode of profits to be found in China and Brazil.
“We anticipate capital investments totaling between $1 billion and $1.3 billion per year from 2008 to 2010,” said CEO Robert Keegan.
Here are a few quotes from the President of Nissan Motors.
The rising prices of raw materials is the “single most important challenge facing the industry and facing Nissan.”
“The size of the increase and the impact it has on cars is impossible to absorb. As an industry we have been weakened by this culture of [...]
