According to the IDG News Service, Apple is in talks with China Mobile to sell the iPhone to the World's most populus country.  While Apple has already announced that it will sell iPhones in Asia starting mid 2008, no formalized partners or locations have been discussed.  China Mobile's 350 Million(!!) subscribers would go a long way in reaching the goal of 10 million iPhones by the end of 2008 however.

From the story:

China Mobile is in talks with Apple to sell the iPhone in China, the company's CEO said on Tuesday. But he's not keen on the type of revenue-sharing model that Apple has insisted on elsewhere in the world.

Who is?

"Our customers like this kind of fashionable product," Wang Jianzhou, China Mobile's CEO, on the sidelines of the GSM Association's Mobile Asia Congress in Macau."

Who doesn't?

As you may recall, China Mobile was also present at the unveiling of the Google Android platform that will likely be bearing some fruit about the time iPhones hit Asia.  It will be interesting to see what develops.