Beijing 2008 Names RFID Ticket Supplier
ASK-TongFang, a joint venture between France’s ASK SA and Tsinghua TongFang, has been selected to manufacture the contactless inlays for the 12.2 million radio-frequency identification (RFID) tickets for the Beijing 2008 Olympic Games. (If you are interested in the global controversy regarding RFID ‘spychip’ technology, check out www.spychips.com.) ASK-TongFang will provide the whole RFID system to the 2008 Beijing Olympic Games Organising Committee, including the RFID inlays, gate readers, software and service. The tickets include anti-counterfeiting printed security features. 

Inflation Fails to Dampen Consumer Spending
China’s inflation battle, focused largely on food prices, has not dampened consumer spending, according to new figures. Retail sales in mainland China grew 18.1 per cent year on year in October – a record monthly rate – said the National Bureau of Statistics. Spending in urban areas accelerated 18.6 per cent, to RMB559.8 bn, with sales in rural areas expanding by 17.1 per cent, to RMB266.5 bn.

China Coal Export Revenues Rise
Despite a domestic shortage of certain energy fuels, notably diesel, China’s exports of coal continue to rise. It shipped 5.25 million tonnes of coal in October, an increase of 18.8 per cent year on year. Analysts say the export growth is largely attributable to price rises on international markets. For example, coal used for power projects supplied by Australian enterprises sells for around USD70-USD80 per tonne, whereas China's average price is around USD67.

Federer and Roddick Cruise to Easy Wins in Shanghai
After two days of upsets, the Tennis Masters Cup in Shanghai restored some semblance of order with victories by Roger Federer and Andy Roddick on Wednesday. World Number one Federer followed his shock defeat by Chilean Fernando Gonzalez by beating Nikolay Davidenko in straight sets, 6-4, 6-3. American Andy Roddick continued his impressive form, bringing Fernando Gonzalez back to earth with a 6-1, 6-4 thrashing. Roddick has now qualified for Saturday’s semi finals. In this group’s final round-robin matches on Friday, Roddick (two wins, no losses) will play Federer (one win, one loss), and Gonzalez (one win, one loss) will play the already eliminated Davidenko (two losses).

Last update : Thursday, 15 November 2007

Keywords : Beijing 2008 Names RFID Ticket Supplier, Inflation Fails to Dampen Consumer Spending, China Coal Export Revenues Rise

Average user rating

   (0 vote)