Google China still hiring
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China's business press carried the following stories on Tursday. China.org.cn has not checked the stories and does not vouch for their accuracy.
Google China still hiring—China Business News
Google China is still hiring although the world's largest search engine faces an uncertain future as the impact of its alleged exit still lingers.
Six weeks after Google threatened to stop its business in China to defy Chinese governmental censorship, the company is beginning to recruit engineers, managers and sales staff.
Its official Web site shows that the search engine is offering more than 30 posts. Marsha Wang, spokeswoman for Google, has not confirmed whether they are hiring, via E-mail.
Google has begun to provide travel information for Chinese mobile users and introduced a new information service during Spring Festival.
Moreover, advertising business is returning as things are stabilizing.
Major power companies profit 19.6 billion yuan--Shanghai Securities News
China's top five power producers posted a combined profit of 19.6 billion yuan (US$2.9 billion) last year, driven by electricity price increase for twice in mid-2008.
China Huaneng Group earned 6.08 billion yuan, China Huadian Corp. 2.09 billion yuan, China Datang Corp. 2.28 billion yuan, China Guodian Corp. 5.98 billion yuan, and China Power Investment Corp.'s profit was 3.16 billion yuan.
After the huge losses suffered in 2008, these companies all posted a multi-billion-yuan increase in profits last year.
China becomes largest market for Michelin—China Business News
French tire maker Michelin announced yesterday China has overtaken U.S. to become the company's largest market for the first time as China's demand for tires jumped 65 percent in 2009.
Michelin reported a 71 percent drop in earnings last year because of a global vehicle-industry slump and increased raw materials cost. Demand in North America, Europe and South America dropped 32 percent, 20 percent and 8 percent respectively last year. Asia was an exception as demand increased 3.1 percent; this momentum has been largely attributed to China's booming auto market last year.
