Home » Analysts query Unicom's CDMA growth forecast | SCMP

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Analysts query Unicom's CDMA growth forecast | SCMP

Submitted by cahn on 27 October, 2008 - 1:13pm

Mobile phone handset vendors are advised not to get too excited about China Unicom's spectacular growth projections for its new CDMA network.

While the No 2 operator is forecasting demand for more than 20 million CDMA handsets next year, analysts are sceptical about the new network's prospects and the resulting handset market.

Despite its potential, there are worries that market saturation and heavy handset subsidies will erode profitability for network operators and handset makers. more

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China revalues renminbi | FT

Submitted by cahn on 21 July, 2005 - 9:03pm

"symbolically the move is significant in its own right.....It shows a willingness by China to fit in more on the world economic stage." - David Brown, Chief European Economist at Bear Stearns

The yen jumped sharply against a range of currencies following the announcement by the People"™s Bank of China that it would revalue the renminbi, following pressure from leading industrialised countries.

The PBOC said it would re-peg the renminbi to Rmb8.11, from Rmb8.2765, and it would adopt a currency basket for managing the currency.

The trading band in which the renminbi would be allowed to fluctuate stayed the same, at 0.3 per cent on either side of the new central level.

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