Lenovo to buy back original mobile division (Nov 30)

Lenovo will buy back its mobile subsidiary at twice its original selling price in a move to enter the emerging 3G market.

Lenovo Mobile Communication Technology, which was sold at $1 billion in January 2008, will be repurchased for $2 billion, said a statement released late Friday by Lenovo, China's leading PC maker.

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- China home prices fall for 4th month (Jan 4/ Bloomberg)

- India, China manufacturing shows resilience to Europe crisis (Jan 3/Bloomberg)

- China’s Central Bank to keep monetary policy ‘prudent’ in 2012 (Dec 31/Bloomberg)

- China GPS rival Beidou starts offering navigation data (Dec 28/The Wall Street Journal)

- China's fiscal deficit to fall in 2012 (Dec 27/Reuters)