The number one expense for most businesses is their operating budgets, because it can cost a great deal to keep a business running. Between computer software, computers themselves, other types of digital hardware, office supplies, and anything else that needs to be used at the office, the operating budget can quickly grow.
The weekend was pretty good for Lenovo execs as the company revealed its Q1 earnings report that shows almost a doubling in profits on their oversees clubs not to mention a handful of other great profit reports as well. In fact, the revenues for the company jumped by almost $5.90 billion over the last quarter which comes out to be a 15% increase for the company when compared to the first quarter results of last year. Their global PC sales saw increased growth of 50% jumping up to $108m from just $54.9m during the 2010.
The head of CIC (China Investment Corporation), Lou Jiwei, stated that they are thinking about ways to invest in the UK’s infrastructure development as are they interested in investing in other private/public partnerships in other countries that are developed as well. This is good news for the British government which has been looking for ways to upgrade their transportation network to help promote growth. The CIC is the main sovereign wealth fund in China.