Li slams EU's trade measures against Chinese products

Going to Chinese Premier Li Keqiang on Friday criticized the European Union (EU) for its current trade measures against Chinese mobile telecommunications tools and solar panels.

The measures will "harm other folks without the need of benefiting oneself," Li explained inside a speech delivered at a luncheon with organization and financial leaders.

China has been actively pushing forward multilateral trade techniques and regional trade arrangements and it is towards trade and investment protectionism in all types, Li explained.

China is quite substantially concerned in regards to the EU's selection to carry out anti-dumping and anti-subsidy investigations towards Chinese photovoltaic products and mobile telecommunications products, he said.

The measures will result in injury to relevant industries, enterprises and employment in China. On the exact same time, they will also harm the interests of European consumers and individuals, Li noted.

The measures, Li mentioned, will make it possible for protectionism to possess its way. Hence China is resolutely opposed to them, he added.

The Chinese premier urged nations to preserve a stable and open global trade atmosphere and be cautious in applying trade remedy measures.

He said China has been normally in favor of solving trade frictions by means of dialogues and consultations.

China hopes the EU will give considered for the total China-EU economic and trade relations and uphold principles of totally free trade when dealing with the two situations, he added.

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Germany opposes EU probe into Chinese telecom products: Chancellor Merkel

Germany opposes EU probe into Chinese telecom products: Chancellor Merkel

German Chancellor Angela Merkel mentioned Monday that Germany firmly opposes a trade probe initiated from the European Commission into imports of Chinese mobile telecommunications solutions.

Merkel manufactured the remarks over breakfast with Chinese Premier Li Keqiang, that is in Berlin for an official check out to Germany, the last leg of his very first journey abroad as premier.Throughout the breakfast, the 2 leaders held a frank and in-depth exchange of views to the relations between China as well as European Union (EU), the issues in China-EU trade, the eurozone sovereign debt crisis and various issues of typical concern.

The Chinese premier clarified and expounded Beijing's stance over the anti-dumping and anti-subsidy probe that the European Commission, the EU's executive arm, has planned on its own initiative to launch into Chinese mobile telecommunications items.

For her part, Merkel explained Germany understands and pays large focus to China's concern, and is prepared to consider company action towards the planned probe. 

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Google Fiber Not Reaching a Town Close to You

People today are thrilled about Google (NASDAQ: GOOG ) Fiber. The search giant's foray into gigabit fiber optic broadband service represents a vital catalyst to the business, even though also embodying a probably disruptive risk to incumbent cable companies which might be intent on holding America captive as a result of substantial charges and slow speeds.

The corporation has also picked up the speed. After the initial rollout in the Kansas City region, Massive G subsequently announced growth into Austin, Texas, and Provo, Utah. Individuals back-to-back announcements have been encouraging signs that possibly Google had grand ambitions to increase Fiber's attain.

Could Google potentially roll out Fiber nationwide and actually place the heat around the cable organizations? Never hold your breath.Less complicated explained than carried out
Industry researcher IHS isn't going to consider it can be feasible for Google to deploy Fiber nationwide, despite the fact that the Austin and Provo announcements were so rapid. Google will often be a "minor player" during the U.S. broadband market place, based on IHS. Rolling out on such a scale would only be as well costly.

The researcher estimates that the complete population within every one of the at present planned cities is about one.four million, or about 0.4% of all U.S. households, that is reasonably shut to my preliminary estimates prior to Provo was announced (Provo has a comparatively smaller population of an estimated 115,000). Even when Fiber have been to dominate the markets that it truly is readily available in, Google would have only about 0.2% marketplace share of all U.S. properties.

In comparison, Comcast (NASDAQ: CMCSA ) has 18.3 million broadband subscribers, AT&T (NYSE: T ) has 16.4 million, Time Warner Cable (NYSE: TWC ) boasts 10.9 million, and Verizon (NYSE: VZ ) enjoys 8.8 million subscribers.

Source: IHS (May 2013).

The broadband business favors large incumbents, because of high infrastructure costs that inevitably result in an oligopoly industry structure. AT&T and Verizon have shifted their focus away from the wired side, content to let Comcast and Time Warner divvy up the business, in order to focus about the high-growth wireless segment. Google has very little chance of making a meaningful dent in these companies' overall subscriber bases unless it truly is willing to invest billions in infrastructure. IHS analyst Dexter Thillien doesn't feel Google will be willing to match how much AT&T and Verizon have plunged into their own fiber networks over the years.

However, Google has some cost advantages. By slowly rolling out in select locations immediately after receiving incentives from local governments, it can offer lower rates than its rivals. The flip side is that competitors can request similar incentives to build their own networks, much within the way AT&T did when it announced "intent" to upgrade its fiber network in Austin if it could score the same incentives.

Google Fiber is very much what Internet support should be, but making it a reality is much simpler said than carried out.

As one of the most dominant Internet companies ever, Google has made a habit of driving strong returns for its shareholders. However, like many other Web corporations, it can be also struggling to adapt to an increasingly mobile world. Despite gaining an enviable lead with its Android operating system, the industry isn't sold. That's why it is more important than ever to understand each piece of Google's sprawling empire. From the Motley Fool's new premium research report on Google, we break down the risks and potential rewards for Google investors. Simply click here now to unlock your copy of this invaluable resource.

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