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BEIJING, Aug. 21 -- China Mobile Thursday reported its first drop in net profit since 1999 because of rising competition from rivals China Telecom and China Unicom and its weak 3G performance. The world's biggest telco posted a net profit of 30.1 billion yuan (US.42 billion) in the second quarter, compared with 30.6 billion yuan a year ago. Analysts had previously forecast a net profit of 31.4 billion yuan for the period. "A macro-economic slowdown, a rising mobile communications penetration rate and changes in the competitive environment of the telecommunications industry in China have posed challenges to the development of the business in the first half," China Mobile said in a statement. In the first six months, China Mobile posted a net profit of 55.3 billion yuan, a 1.4 percent annual growth. Its revenue totaled 212.9 billion yuan, an 8.9 percent rise from a year ago. China Mobile's monthly average revenue per user, a key index of the industry to monitor a telco's profitability, was 75 yuan in the first half, about 10 percent less than a year ago. China Mobile added 35.87 million users in the first half to total 493 million by the end of June. The telco had 957,000 3G users since it started a trial 3G service in April. In the first half, China Mobile took 66 percent of the total new additional mobile users, compared with 85 percent a year ago, due to the "changed competitive landscape," the company said. "The gap between China Mobile and other rivals will become narrow but it will still dominate the market for about two years," said Wu Wenzhao, a telecommunications analyst of Analysys International. In January, China issued 3G licenses to China Mobile, China Unicom and China Telecom.
BEIJING, Aug. 1 (Xinhua) -- Several hundred former generals, famous military artists, and soldiers gathered at the foot of the Great Wall Saturday to celebrate the 82nd anniversary of the founding of the Chinese People's Liberation Army (PLA), which falls on August 1. At the ceremony organized by the China Great Wall Society (CGWS), veterans recited a poem telling their love and wishes for the country and the people. Lieutenant General Shao Huaze, vice chairman of the CGWS, said the peom was written based on the wishes collected from the veterans. The CGWS also held an exhibition of more than 500 calligraphy and painting works by former generals.
BEIJING, Sept. 24 (Xinhua) -- The Eight Conference of the Board of Directors of the Chinese Council for the Promotion of Peaceful National Reunification (CCPPNR) came to an end Thursday, re-electing senior leader Jia Qinglin the council's chairman. Jia is a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, and chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC). He attended the closing session and congratulated its success on behalf of the CPC Central Committee, saying facts indicate that the council has become a major link between the mainland and overseas Chinese, and a bridge between Chinese compatriots living on the two sides of the Taiwan Strait. He highlighted the role of the CPC in the great changes of New China in the past 60 years, stressing, "the Chinese nation will definitely play an even more splendid movement in the process of its great rejuvenation." Jia Qinglin (L F), chairman of the National Committee of the Chinese People's Political Consultative Conference, meets with directors of the Chinese Council for the Promotion of Peaceful National Reunification (CCPPNR) in Beijing, capital of China, Sept. 24, 2009. Jia stressed that it is a common aspiration of the whole Chinese to promote a peaceful development of the cross-strait relations and finally achieve a complete unification of the nation. "Practice shows that Chinese living on the sides of the strait have the abilities and wisdom to hold the future of the cross-strait relations in their own hands," the top political advisor said. He urged the two sides to join hands in promoting a peaceful development of the cross-strait relations and opening up a beautiful future for the great rejuvenation of the Chinese nation. In his speech, Jia called for further studying and implementing the six-point instruction on cross-strait ties made by President Hu Jintao last December, when he spoke in memory of the 30th anniversary of the Letter to Taiwan Compatriots by the Standing Committee of the National People's Congress.
GUANGZHOU, Sept. 15 (Xinhua) -- One person is missing and more than a million residents affected as typhoon Koppu landed in southern China's Guangdong Province Tuesday, local authorities said. About 1.06 million people in 69 townships in Jiangmen and Yangjiang cities were feeling the effect of the storm at 6 p.m., said Guangdong Flooding and Drought Relief Headquarters. One person in Zhuhai City is missing. In Shenzhen City, 169 flights were delayed on Tuesday, stranding nearly 10,000 passengers. The typhoon, the 15th this year, has brought heavy rains to Guangdong. In Yangjiang City, where the typhoon downgraded into a strong tropical storm, fallen trees and branches could be seen along the roads. In Sanya City in the southern island province of Hainan, the typhoon brought rain of more than 167 millimeters. Shipping services across the southern Qiongzhou Strait, which have been suspended since Monday afternoon, were expected to resume Wednesday. Local experts have warned of flash flooding, with the possible dangers of mudslides and landslides. Koppu would bring heavy rain to most parts of southwestern Guangxi Zhuang Autonomous Region, Hainan and Guangdong during the next two days, China's central observatory said.