Lenovo Group’s 2006 fourth quarter and full year fiscal report released May 23 was the first time the company was able to report profitability in its American business. Overseas revenues broached 50% of its total. In an exclusive interview with the Beijing Youth Journal, Lenovo chairman Yang Yuanqing outlines the company’s plan to continue to increase overseas profitability.

The government has issued new licenses to manufacture mobile phones, and new approvals are also in the pipeline. But as newly approved manufacturers ramp up production, the China Economic Times looks ahead at the battle for market share, the risks of overproduction and the dominance of foreign manufacturers.

Xinjiang Youhao (Group) Co Ltd, a leading retailer and commercial property owner in Western China, is targeting digital television and pharmaceuticals as part of its expansion efforts.