介绍:
HSBC China data shows continually improving economy
HSBC's new survey shows that China's manufacturing activity grew at its fastest pace in 18 months in July.
HSBC's flash purchasing managers' index of the sector has risen to 52, up from 50.7 for June.
A reading above 50 shows expansion. July marks the second consecutive month in which HSBC's PMI has been above that level.
The improvement was broad-based with both new orders and new export orders expanding at a faster pace than in June, and sub-indices for employment and prices also improved.
China's official PMI for July will be released early next month.
China's tax revenue increases by 7.9 percent in first half of 2014
New data from the State Administration of Taxation shows that China's tax revenue reached 5.6 trillion yuan in the first half of 2014, increasing by 7.9 percent year-on-year,
Yang Yuanwei, director of the revenue planning and accounting department of the SAT, says the revenue growth rate is basically in accordance with the general trend of national economic development.
"The proportion of the taxes paid by the real estate and finance industries, compared to the rest of the tertiary sector, has been growing year by year, with growth speed also faster than the primary and secondary sectors. But the taxes from traditional services have not increased much, with growth speed far lower than that of the financial industry and other industries of the tertiary sector. Modern services have shown a high-speed growth trend after business taxes were converted into value-added taxes."
According to the SAT data, the taxes collected from the tertiary sector increased by 11.6 percent against the 4.2-percent growth of the secondary sector.
China reports sales of 200 mln smartphones in 1H
New data shows that consumption of information products and services in China surged 20 percent in the first half of 2014 compared to the same period in 2013.
The value of this sector reached 1.35 trillion yuan, or 220 billion dollars, in the January-June period.
Zhang Feng is the chief engineer at the Ministry of Industry and Information Technology.
"Nearly 200 million smartphones were shipped between the start of January and the end of June. Mobile data traffic rose 52.1 percent year on year in the January-June period, while revenue generated on that rose 46.4 percent. More mobile internet applications are now serving financial, transportation and medical purposes rather than providing entertainment such as music and games."
During the period, e-commerce transactions expanded 26.7 percent year on year, while online sales grew by one third.
Regarding the booming 4G business in China, Zhang said China Telecom and China Unicom are experimenting with mixed-mode networks in 16 Chinese cities and more commercial 4G licenses can be expected.
Information products and services refers to IT hardware and software concerned with spreading information. Smartphones are a major part of this field.
Qualcomm launches US$150m fund for Chinese startups
The world's biggest mobile chip designer for 3G and 4G devices, Qualcomm, has announced an investment fund of 150 million dollars in China.
It will focus on local startup companies covering mobile technologies.
The tech company's new fund will cover the Internet, e-commerce, semiconductor, education and health sectors.
Qualcomm has already used the fund to invest in Cambridge Wowo, a mobile education start-up, and Boohee, a mobile health care company.
Qualcomm's chips are used in all Android phones including Samsung's Galaxy S5 and Xiaomi's Mi4.
China regulator determines Qualcomm has monopoly -state-run newspaper
The Securities Times newspaper says China's antitrust regulator has confirmed that Qualcomm, one of the world's biggest mobile chipmakers, has a monopoly.
The report says the National Development and Reform Commission is investigating Qualcomm's local subsidiary.
The NDRC said in February the U.S. chipmaker was suspected of overcharging and abusing its market position In wireless communication standards, allegations which could see it hit with record fines of more than $1 billion.
The Securities Times report did not say whether the regulator had determined that Qualcomm had abused its monopoly.
Under China's anti-monopoly law, the NDRC can impose fines of between 1 and 10 percent of a company's revenues for the previous year.
Japan's trade deficit stands at 8.1 bln USD in June
Japan's Finance Ministry says the country's trade deficit stood at 822 billion yen in June, that's around 8.1 billion U.S. dollars, recording the 24th consecutive month of red ink.
According to the ministry, exports declined 2 percent from a year earlier, while imports soared 8.4 percent in June.
For the first half of 2014, the world's third largest economy recorded the largest ever trade deficit in the period at about 7,600 billion yen or 75 billion dollars.
Meanwhile, Japan's imports surged 10 percent on the year to about 43,000 billion yen in the same period, boosted by a drastic increase in liquefied natural gas.
Facebook revenue
Facebook's fast-growing mobile advertising business has helped drive an over 60 percent increase in revenue during the second quarter, beating "the street" and sending its shares to a record-high.
The world's largest online social network says it is witnessing increased interest from both advertisers and from users.
Facebook says its mobile advertising revenues made up over 60-percent of its overall ad revenues through last quarter.
This is up significantly from the 20-percent seen through the same period last year.
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