South Korea Rejects China Coal Prices
Fears are rising that China will increasingly export commodity price inflation. South Korean utilities companies have abandoned talks to buy coal from China this year after failing to agree a price. The utilities have instead increased purchases from South Africa and Russia, paying higher transport costs, since the last annual contract for shipments from China ended in July.
Luxury Travel Show Returns to Shanghai
China’s luxe travel appeal shows no apparent signs of being downgraded.
Asia Luxury Travel Market (ALTM), the region’s only trade show
exclusively for the luxury travel industry, will be held, for a second
time, in Shanghai from 16-19 June 2008. Organised like a private club,
the invitation-only event showcases leading luxury travel suppliers to
fully hosted VIP travel buyers. ALTM intends to double the total number
of hosted buyers attending the event in 2008.
Google China Launches Mobile Search
Google China has launched its mobile-phone-based search services in
China. The technology is based on keyword searches through a short
message service, and covers stock information, weather forecasts, train
information, foreign currency rates and language translation. There is
no service subscription fee, though users must pay the cost of sending
each SMS enquiry.
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