China Trade Up With Hong Kong & Macau
China's trade volume with Hong Kong rose 9.3 per cent year on year during the first four months of 2008, according to the Ministry of Commerce. Total China-Hong Kong trade reached USD62.98 bn during this period. During the same period, trade between China and Macau rose 2 per cent year on year, to USD630m.
Lenovo's Profits Double Thanks to Unit Sale
Lenovo Group said its profits for the first quarter of 2008 reached
USD140m, up from USD60m in the same 2007 period. The steep rise is
accredited to the sale of its mobile phone unit, for USD65m. While
Lenovo's Q1 sales in China reached USD1.29 bn, up 18 per cent from Q4
of 2007, revenue in the United States was lower than expected. The
company's total sales in Q1 were USD3.74bn.
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