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    Reporters Without Borders said in it’s 2005 special report titled “Xinhua: the world’s biggest propaganda agency”, that “Xinhua remains the voice of the sole party”, “particularly during the SARS epidemic, Xinhua has for last few months been putting out news reports embarrassing to the government, but they are designed to fool the international community, since they are not published in Chinese.”
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Intel to close China Shanghai plant amid global crisis: statement

Posted by Author on February 19, 2009

SHANGHAI (AFP) — The world’s largest chip maker Intel Corp said Thursday it would shut down an assembly and test factory in Shanghai and move it to a city in China’s far west due to the global economic crisis.

The move will affect about 2,000 employees, who will be offered jobs in the western city of Chengdu or other Chinese locations where Intel operates, the US-based company said in a statement.

The consolidation, which will take place over the next 12 months, came “as a result of current economic conditions”, the statement said.

“The economic downturn has had an enormous impact on the semiconductor sector, forcing companies to take measures to cut costs,” said Liu Liang, an analyst with Industrial Securities, according to state-run Xinhua news agency.

“Moving operations from Shanghai, a high-cost city, to a cheaper place like Sichuan might be an effective way to cope with the financial crisis,” he said.

Intel plans to keep a research and development centre in Shanghai, which will also remain the China headquarters for the company.

It said it was still going ahead with the construction of a plant in the northeast Chinese city of Dalian. The cost of this plant was previously given as 2.5 billion dollars.

Intel last month announced plans to close facilities in Malaysia, the Philippines and the United States. Those moves were expected to affect between 5,000 and 6,000 employees worldwide, the company said.

AFP, Feb. 5, 2009

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