News Digest: May 29, 2012 报摘： 2012年5月29日

The following press releases and media reports about Chinese companies were carried on May 29. To view a full article or story, click on the link next to the headline.

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◙ China’s Huawei, ZTE (HKEx: 763) Face EU Action on Telecom Subsidies-FT (English article)

◙ China Poised to Revive Cash-for-Clunkers Program, Official Says (English article)

◙ China Yongda Scraps Hong Kong IPO Amid Weak Demand (English article)

◙ UPS (NYSE: UPS), FedEx (NYSE: FDX) to Receive Domestic Delivery Licenses – Source (Chinese article)

◙ China’s PICC Adds 14 Banks to $6 Billion Dual IPO: IFR (English article)