Word: huawei
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...Zhang Xin, a young man from a deeply poor agricultural province in central China. His parents were wheat farmers and lived in a tiny one-room house next to the fields. He had graduated from Tsinghua University - China's MIT - and gotten a job as a software engineer at Huawei, the Cisco of China. His success, Zhang told me one day, had changed his family forever. None of his descendants would "ever work in the wheat fields again. Not my children. Not their children. That life is over." (And neither would his parents. They moved to prosperous Shenzhen, just north...
...Congress and legislatures in the U.K., Europe, and Japan are faced with whether or not to let key companies in important industries pass into Chines hands. Last year, the Congress effectively blocked a deal for Chinese electronics firm Huawei Technologies to buy 3Com. The reasoning was the U.S. did not want critical telecom equipment intellectual property to be easily accessible to China. (See pictures of the global financial crisis...
...Lucent now account for roughly two-thirds of the 2G market. That figure is expected to decline when 3G is fully in place with foreign companies accounting for only about a third. The lion's share of the market will be taken by China's two largest equipment vendors, Huawei and ZTE, which will between them share about half of the contracts, projections by BDA show. BDA says Huawei and ZTE will gain market share because of their "low prices, competitive 3G products and government support for domestic vendors...
...release, the semi-autobiographical tale of a Chinese student being taught the ways of the steppe by a wise old Mongol herder was being devoured by hundreds of thousands of readers - government officials and students, traditionalists and bohemians, workers and business types. Huge Chinese enterprises like Lenovo, Haier and Huawei bought copies for their employees, and the book quickly spawned a host of self-help and management texts that claimed to be imbued with its spirit - works with titles like The Wolf's Way, Wolf Soul, The Cool Wolves, Think Like a Wolf and Wolf Strategy. Illegal reproductions of Wolf...
...fierce that rates are among the lowest in the world. And business is excellent. Telcom boasts an annual average return of 35% on investment since its founding in the midst of the civil war in 1994. Last December, Sheikh secured $14 million from his Chinese partners, Shenzhen-based Huawei, to upgrade his service. In total, the Somalian telecoms industry employs 65,000 people. "No taxes, no regulation, no bureaucrats - a total free market where we can do whatever we want when we want," says Sheikh. "Somalia is Adam Smith's dream...