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China Business News

Chinese shares up 2.14% on confidence booming

Chinese shares rose 2.14 percent Monday, after the country’s Premier said the stimulus package plan has shown positive results on Saturday.

“China’s economic stimulus package plan is already paying off, and positive changes have taken place in the economy,” Premier Wen Jiabao said Saturday at the opening ceremony of the Boao Forum for Asia annual conference 2009.

The benchmark Shanghai Composite Index rose 53.52 points or 2.14 percent to finished at 2,557.46 points. The Shenzhen Component Index added 2.23 percent, or 213.58 points, to close at 9,793.64. Gains outnumbered losses by 731 to 61 in Shanghai and 625 to 54 in Shenzhen.

Combined turnover was 222 billion yuan (32.5 billion U.S. dollars), compared with the previous trading day’s 241.24 billion yuan.

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China Business News

Hanover Fair 2009 opens in Germany

The world’s largest industrial fair opened here on Sunday evening, showcasing latest industrial technologies, materials and product ideas.

The Hanover Fair was jointly declared opened on Sunday evening by German President Horst Koehler and Prime Minister Han Seung-sooof the Republic of Korea (ROK), which is the partner country at this year’s show.

From April 20 to 24, the Hanover Fair will host 13 trade shows covering industrial automation, motive power engineering, energy, industrial subcontracting and R&D.

The core theme of this year’s event is energy efficiency in industrial processes. Exhibitors are expected to offer not only energy-efficient products and processes, but also ideas to save energy in industrial production.

The Hanover Fair 2009 will also premiere a new international wind-energy trade show in response to the global demand for renewable energy.

The rich array of exhibits will also be complemented by a number of business forums, conferences, seminars and workshops.

Despite the global financial crisis, the Hanover Fair has attracted 6,150 exhibitors from 61 nations, which equals the peak performance of the past two years, organizers said.

After Germany, countries with the largest contingents of exhibitors this year include Italy, the ROK and China.

The ROK will be represented in Hanover by 210 exhibitors taking part in virtually every section of the show, with high-tech displays showing the nation’s strengths in industrial automation, energy technology, drive technologies and industrial subcontracting.

China this year sent in about 480 exhibitors, taking a total display area of 5,603 square meters.

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New Electronics Products

OCZ Sabre OLED Keyboard (Unofficial Codename: Optimus Budgetus) Priced at $135

504x_ocz_oledThe OCZ Sabre asked us to compromise, featuring a sharply limited number of display-integrated keys, so we asked it to do the same: dip below $200, or else. Today, ZipZoomFly is listing the Sabre at a reasonable $135.00.

For comparison, ThinkGeek sells the Optimus Maximus, the great grandpappy of the OLED-in-a-key concept, for a staggering $1600. Obviously, the OCZ doesn’t match up to Art Lebedev‘s Cheeto-resistant masterpeice?fewer keys, limited colors, plainer styling?but come on, is it really 8.5% the keyboard the Optimus is?

The item isn’t listed as shipping yet, though OCZ says they’re on their way to retailers.

Chinazrh via from Gizmodo

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