Numbers of the Week
700 million
The number of Chinese mobile phone users rose to 700 million after adding 61.4 million new accounts from January to July.
100,000 tons
Chinese engineers have discovered rare metal deposits of more than 100,000 tons of niobium, the country's largest untapped reserve, in northwest Xinjiang Uygur Autonomous Region.
TO THE POINT: China vows to keep a stringent handle on the industrial overcapacity that is draining life from the economic revival. China Mobile pushes forward OPhone and its operating system in an aggressive push into the 3G market. As its tight grip over the market slips, the wireless titan cannot wait to regain lost ground. China's manufacturing sector continues to pick up steam as evidenced by the climbing PMI. Soaring prices of pork and eggs reignite fears over inflation. The buoyant real estate market appears to be nearing a turning point as sales cool down.
By HU YUE |