China Mobile Takes $5.8 Billion in Pudong Bank (New York Times)
It will subscribe to 2.2 billion Pudong bank shares at 18.03 yuan each, representing a discount of about 13 percent to the closing price of the bank’s shares on Feb. 25, China Mobile said in a statement to the Hong Kong exchange.
China exports growth extends into February (AFP via Yahoo! News)
China said Wednesday its exports soared for the third straight month in February and at their fastest pace in three years, which analysts said could leave Beijing more open to a stronger yuan.
China Mobile investing $5.8B in Chinese bank (AP via Yahoo! News)
China Mobile Ltd., the world's biggest phone company by subscribers, said Wednesday it was investing $5.8 billion in a Chinese bank as part of a plan to develop mobile phone banking and business services.
China wages war on pervasive corruption (USA Today)
Public corruption is not exclusive to China, but it is considered a more serious problem here because it could threaten Communist Party rule if left unchecked.
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