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E-commerce in China will be taxed

E-commerce in China will be taxed

China has no plan to exempt the fast-growing area of e-commerce from taxation. The Chinese government regards e-commerce transactions and departmental store purchases as taxable transactions, according to a top Chinese tax official.

August 2, 2000 by in China

85% of cell phones sold in China are GSM

85% of cell phones sold in China are GSM

In China, mobile phones with color displays and camera phones continued to attract buyers. GSM sales accounted for 85% of total sales due to competitive pricing and a focus on the underdeveloped market by China Mobile.

March 4, 2005 by in China

Chinese point of sale market grew 20% in 2004

Chinese point of sale market grew 20% in 2004

IHL is projecting that China's accelerating 20% annual growth rate last year will catapult it in 2005 beyond the POS sales of Germany, which is Europe's largest POS market. More than 75%of the installed base of POS devices in China are actually PC-on-Cash-Drawer devices.

March 9, 2005 by in China

PCB prices to fall 10% in 2005 due to oversupply

PCB prices to fall 10% in 2005 due to oversupply

Rapid growth in sales was experienced in 2005 by PCB manufacturers, with global revenues boosting 40% YTY due to surge in demand for consumer, communications and automotive electronics. Despite the 80% rise in costs of copper-clad laminate (CCL) (raw material used in PCBs) manufacturers maintained their low prices to intensify market competition.

March 8, 2005 by in China

IT spending in Asia-Pacific to grow 10% in 2005

IT spending in Asia-Pacific to grow 10% in 2005

IT spending in Asia/Pacific excluding Japan (APEJ) is expected to remain robust in 2005, replicating its growth of 10% in 2004, as compared to 2003. Total IT spending in the region will reach $97 bln in 2005, driven by a healthy 15% growth in China (excluding Hong Kong) and 22% growth in India.

December 30, 2004 by in China