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China Unicom’s H1 Net Profit fell 42.1% hoped to turn around by selling iPhone

by db18740 on Aug 31, 2009

“Acually,our company’s restructuring,fiercer and fiercer competition in mobile telecomunication service do results in this falling profit,but we still insist on new telecom service and new products. ”said Chang Xiaobing,the chairman of China Unicom.   In early days,China Unicom,the second largest telecom operator in China,is reported that its net profit in the first half fell 42.1 percent year on year to tatal 6.62 billion yuan(about 973.5 million U.S.dollar) under international accounting rules.   And according to a statement from the Hong Kong Stock Exchange, China Unicom's revenue stood at 76.32 billion yuan in the first half and earnings per share were 0.28 yuan.   In order to turn around the falling profit, China Unicom stated that they would focus on enhancing their mobile communication service in the second half to make more efforts to optimize the Third Generation Service(3G)...Read More >>



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Profit-Driven Consumption Syndrome Major Threat to Earth and Mankind

by Boye De Mente

In a new book entitled The Origins of Human Violence! – Male Dominance, Ignorance, Religions & Willful Stupidity!, author Boyé Lafayette De Mente says the profit motive has not only replaced religious-based moralities it has created “an excess-consumption syndrome that is socially and spiritually insane and is like a cancer eating away at humanity and inflicting irreparable harm to the Earth.”

De Mente, known for his books on the cultures and foibles of China, Japan, Korea, Mexico and the U.S., says that the failure of religions to deal effectively with the...

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