Jun 03, 2008
China Telecom (NYSE: CHA; 0728.HK) chairman and CEO Wang Xiaochu has admitted that the purchase of China Unicom's (NYSE: CHU; 0762.HK; 600050.SH) CDMA network will initially have a negative impact on the company's performance, with the first year or two set to present challenges and require significant investment.
The Music Copyright Society of China (MCSC) in cooperation with the China Audio-Video Copyright Association (CAVCA), the International Federation of the Phonographic Industry (IFPI), and an alliance of local and international record labels, music publishing companies and other interested parties have issued a statement calling on all major corporations and advertisers to avoid providing either direct or indirect support to music pirates.
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