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BEIJING ,May 6 -- China Mobile on Wednesday launched an online platform that enables its subscribers to read and download digital publications through cell phones and e-book readers, as part of its effort to profit from the country's emerging mobile reading market.The world's biggest cellphone carrier in terms of subscribers kicked off an e-book store similar to Apple's iBook store, which gives users wireless access to a series of online publications such as e-books, comics and magazines."Reading habits have fundamentally changed," said Gao Nianshu, general manager of China Mobile's data department. He said the company hopes the new platform will attract over 200 million users in the near future. Primary school students in Yangzhou, Jiangsu province, read e-books. China Mobile hopes its newly launched platform will attract over 200 million users in the near future.According to figures from China's Ministry of Industry and Information Technology, cellphone users in the country reached 780 million at the end of March. Of that group, mobile readers surpassed 155 million, the ministry said.Interest in e-book readers made by firms such as Hanwang Technology, Amazon and Founder since last year also significantly boosted demand for mobile reading.Gao said China Mobile's new e-book platform, which currently covers about 40 percent of the best selling books in the country, has attracted over 15 million users during four months of testing in eight areas.He said the company's online e-book store will also support the iPad, the tablet computer launched by Apple Inc last month."Mobile reading has become a popular service with mobile Internet users in China," said Zhang Yanan, analyst from research firm Analysys International, in a research note.But he said that although about 45 percent of Chinese mobile Internet users read books at least once a day by mobile phone, few of them are willing to pay for online content.According to China Mobile, the subscription fee for its online e-book store is up to five yuan per month, 40 percent of which will be shared with copyright owners.Zhong Tianhua, head of China Mobile's subsidiary in Zhejiang province, who oversees the company's online e-book store business, said the company's strategy is to attract as many users as possible in the first three years with the lowest pricing possible.Companies including Nokia, Motorola, Hanwang, Founder, Datang and Huawei Technologies have released products that support China Mobile's new service. But many e-book makers have also established their own online e-book stores, putting them in competition with China Mobile.It was reported earlier this week that China Mobile plans to team up with Foxconn Electronics of Taiwan province to produce its own e-book readers.

BEIJING, May 3 -- Ma Weihua, president and chief executive officer of China Merchants Bank (CMB), said he wanted to see Chinese banks elevate their level of globalization in the context of expedited overseas expansion of Chinese companies during his bank's recent road show in the United States. He said CMB would pursue this process ambitiously but cautiously.The bank is soon to relocate its night-shift foreign exchange trading team to its New York branch, which was established in 2008, and will move on to security trading as well in the future, according to Ma during a group interview. The branch is also working on consolidating its dollar settlement business."What I'm concerned about right now is to first have my New York branch familiarized with the US market, customers and rules as soon as possible so I can expand the business steadily," Ma told the audience at a recent speech at New York University's Leonard N. Stern School of Business. "We won't consider faster expansion until we have secured our position here."Because of policy restrictions, CMB and other Chinese banks are only able to provide very limited services overseas for now. Retail banking, which CMB is best at, is still being constrained in its New York branch, its first branch in the West. But the bank is eyeing up other opportunities.The branch is attaching increasing importance to the loan business for Chinese companies during their overseas merger and acquisition activities. It just completed a big deal for a Chinese State-owned conglomerate but declined to reveal its name."The most fundamental motive to globalize our bank is to support Chinese companies' overseas growth and to provide the same quality service for foreign companies as well when they come to China," Ma said.According to Ma, over the past five years, Chinese companies' overseas direct investment saw an annual increase of 60 percent and their non-financial overseas investment grew by 68.5 percent year-on-year.In comparison, overseas assets only make up less than 4 percent of Chinese banks' total assets, while in large banks in Europe and the US, the proportion is about 40 percent, he said.

PRETORIA, March 30 (Xinhua) -- Top Chinese political advisor Jia Qinglin on Tuesday discussed with South African President Jacob Zuma on seeking stronger bilateral relations and coordinating the two countries' stances on climate change.Jia first extended the warm greetings and good wishes of Chinese President Hu Jintao to Zuma, who in return conveyed his greetings to Hu. Hu and Zuma have met several times on the sidelines of the international summits since Zuma took presidency last May.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), the country's top advisory body, was making the visit at the invitation of the National Council of Provinces of South Africa. Jia held talks with Mninwa Mahlangu, chairman of the National Council of Provinces of South Africa, at Cape Town Monday.Jia Qinglin (L), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), shakes hands with South African President Jacob Zuma during their meeting in Pretoria, South Africa, on March 30, 2010Zuma said Jia's visit was of great significance to boost bilateral relationship and called on both sides to take the opportunity of the visit to expand substantial cooperation and bring bilateral strategic partnership to a new high.On bilateral relations, Jia reviewed the growth of China- Africa relationship since the two countries established diplomatic ties in 1998, highlighting frequent visits, stronger political trust, enhanced economic cooperation and more solid public foundation.

PRETORIA, April 1 (Xinhua) -- China has pledged to import more value-added products from South Africa to optimize bilateral trade.Top Chinese political advisor Jia Qinglin made this pledge on Wednesday when he delivered a key-note speech at the China-South Africa Economic and Trade Forum in Pretoria.South Africa was the last leg of Jia's 10-day African tour which has already taken him to Cameroon and Namibia. Jia had met with South African President Jacob Zuma and held talks with Mninwa Mahlangu, chairman of the National Council of Provinces of South Africa.Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, addresses the China-South Africa Economic and Trade Cooperation Forum in Pretoria, South Africa, March 31, 2010. "China will continue to take measures to expand imports from South Africa, particularly those value-added products so as to increasingly optimize bilateral trade mix," said Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), the country's top advisory body.China has become South Africa's biggest trade partner and exporter as bilateral trade hit a historic high of more than 16 billion U.S. dollars in 2009, which was over ten times than that in 1998 when the two countries forged diplomatic ties, Jia said.

BEIJING, May 27 (Xinhua) -- China and India have agreed to enhance political, economic ties and bolster people-to-people contact during a meeting between Indian President Pratibha Patil and Chinese Premier Wen Jiabao here on Thursday.It is the Indian president's first official visit to China and the first visit to China by an Indian head of state in the last decade.In the meeting Wen proposed the two states treat bilateral ties from a strategic and long-term point of view, enhance high-level communication and bolster cooperation, in a bid to benefit the two peoples and the world."Practicing mutual respect conforms with the fundamental interests of the two states and peoples and will spark new hope for human beings," Wen Jiabao said in the meeting.Patil said India and China share broad common interests in the bilateral and multilateral fields.She pledged to boost high-level contact, cement economic and trade ties, promote two-way investment and people-to-people contact, and strengthen coordination on major international affairs with China.In her meeting with Chinese top legislator Wu Bangguo, Patil said all the parties of India support the development of relations with China.Wu, chairman of the National People's Congress (NPC) Standing Committee, said to promote peaceful co-existence and common development of the two countries meets the fundamental interests of both sides, and complies with the mainstream trend of peace and development in Asia and the world."China and India do not pose as threat to each other and their common interests far outweigh differences," he added.Wu said he hopes the two sides understand and respect each other's core interests and major concerns, properly handle their differences, and seek common development and a win-win situation."A good China-India relationship makes both winners while a confrontational one makes both losers," he added.Patil said the two countries had conducted sound cooperation not only in bilateral field but also under multilateral frameworks including BRIC and G20.The cooperation between India and China in the Copenhagen climate change summit served as a good example of bilateral cooperation in global affairs, she added.Patil arrived here Wednesday for the week-long state visit.

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