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Nov 16, 2010

Analysis: Chinese Internet firms innovate behind Great Firewall

SHANGHAI/BEIJING (Reuters) – Long derided as little more than copycats, Chinese Internet firms are coming of age with innovative business models, showcasing how companies need to have different strategies in emerging Internet markets.

Companies such as Baidu, Alibaba.com and Sohu Inc have all been decried at various times as rip-offs of Yahoo, Google and eBay, taking a page from such global leaders to make big bucks in the relatively protected confines of their home market.

Nov 16, 2010

Chinese Internet firms innovate behind Great Firewall

SHANGHAI/BEIJING, Nov 16 (Reuters) – Long derided as little
more than copycats, Chinese Internet firms are coming of age with
innovative business models, showcasing how companies need to have
different strategies in emerging Internet markets.

Companies such as Baidu (BIDU.O: Quote, Profile, Research, Stock Buzz), Alibaba.com (1688.HK: Quote, Profile, Research, Stock Buzz) and
Sohu Inc (SOHU.O: Quote, Profile, Research, Stock Buzz) have all been decried at various times as
rip-offs of Yahoo (YHOO.O: Quote, Profile, Research, Stock Buzz), Google (GOOG.O: Quote, Profile, Research, Stock Buzz) and eBay (EBAY.O: Quote, Profile, Research, Stock Buzz),
taking a page from such global leaders to make big bucks in the
relatively protected confines of their home market.

Nov 16, 2010

China’s Africa resource hunt lacks transparency-WB

TIANJIN, China, Nov 16 (Reuters) – Chinese companies eying
African mineral resources must stop making closed-door deals and
become more transparent in their investments, a senior World Bank
executive said on Tuesday.

Ngozi Okonjo-Iweala, the World Bank’s managing director, told
Reuters on the sidelines of one of China’s biggest mining
conferences that investors in Africa needed to work more with
local communities in order to avoid conflicts and eventually even
reduce costs.

Nov 10, 2010

Cable seeks to reassure on immigration

BEIJING (Reuters) – Business Secretary Vince Cable sought to reassure businesses on Wednesday during a trip to China that new immigration curbs will be flexible and the country will continue to welcome entrepreneurs.

The government is working on plans to introduce a cap on immigration, in line with a pre-election pledge from the Conservative party.

Nov 8, 2010

Osborne says world must manage capital flows better

BEIJING (Reuters) – The world must get better at managing capital flows and imbalances, but this is not a challenge that will be resolved overnight, Chancellor George Osborne told Reuters on Monday.

“There’s the debate about global imbalances and about the relationship between deficit and surplus economies. That is a huge economic challenge,” Osborne said in an interview in Beijing ahead of this week’s G20 summit in South Korea.

Oct 29, 2010

China aims to shake up rare earths trade

BEIJING (Reuters) – If plans in Beijing come to fruition, a few miners will control all of China’s rare earths output, while a vibrant processing industry turns the country into a net importer of the valuable raw materials.

That day is a long way off. The world is currently focused on a sharp reduction in international supply after China cut export quotas for the minerals, which are used in a number of electronics, military and other high-tech applications.

Oct 29, 2010

China rare earth quota prices up as exporters jostle

BEIJING (Reuters) – Limited quotas to export rare earths from China has driven a secondary market where the price of the permits are higher than the price of the minerals themselves, a Chinese industry expert told Reuters.

China sharply cut quotas to export rare earths in the second half of this year, after leaving them unchanged in the first half, catching international traders off-guard. Only a few authorized exporters still have quotas left for shipment.

Oct 28, 2010

China vows not to use rare earths as leverage

BEIJING (Reuters) – China said on Thursday it will not use its dominance of rare earths supplies as a “bargaining tool” with foreign economies, and the United States said it would welcome clarification of Beijing’s policy on the high-tech ores.

China has slashed export quotas and reduced shipments to Japan, igniting international concern that it could use rare earth exports as an economic or political lever. Prices have spiked and mining firms are rushing to develop sources of the minerals outside China.

Oct 22, 2010

China unveils its own version of Google Earth

BEIJING (Reuters) – A Chinese government body has released its own online mapping service, designed to compete with Google Earth’s popular satellite mapping service, that could spell more trouble for Google’s services in the mainland.

Google and China have been at odds since last year, when a serious hacking attack originating from China prompted Google to ultimately withdraw its search service from the mainland.

Oct 20, 2010

China denies rare earth export quota report

BEIJING (Reuters) – China on Wednesday denied a report that the government plans to slash export quotas of rare earth metals next year, seeking to ease international jitters about China’s stranglehold on supplies.

Any cut in Chinese exports could rattle firms which use the

metals to make parts for vehicles, computers and cell phones, missiles and new energy technology.

    • About Lucy

      "I am the Reuters Insider correspondent in China, where I have lived for ten of the last 15 years. Prior areas of coverage include political and general news, as well as commodities and energy policy and markets."
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