Huawei Technologies Co. dislodges Xiaomi Corp. from its position as the biggest smartphone maker in China. The company sold 27.4 million devices in the quarter ended September 30, according to reports citing data from research firms. That's up 81% from the previous year.
China
Four of 10 products sold online in China are fakes, shoddy
More than 40% of goods sold on the Internet in China are fakes or shoddy, according to a report by an official of the standing committee of the National People's Congress, the country's top law-making body.
China To Compete the Global Giant Aircraft Manufacturers with their First State Developed C919 Passenger Jetliner
China revealed their first owned passenger plane manufactured by a Chinese initiative to compete with the leading global aircraft manufacturers for the largest passenger jetliners in Aviation market. Though, China is also among the mammoths in Aviation industry, the state still depends on Boeing and Airbus aircraft.
China factory output again slips, but fall slows down in October
Indicating the prolonged sluggishness in the economy, China's factory activity dropped further again in October. However, the marginal recovery in export orders has slowed down the drop in the manufacturing production. The PMI edged up in the previous month.
China sees greater shift to internet-based enterprises
The rising costs of labor and infrastructure are paving the way for more opportunities being created via the internet. The online-based ventures are growing up in China and also enhancing the efficiency of the traditional enterprises as well. Mobile internet is changing the way consumer market behaves in the world's second-largest economy. Initially, the technology innovation doesn't happen in a consumer market, but it takes place in the enterprise segment. The consolidation is very slow in the traditional Chinese business when compared to the western part of the world.
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The Finnish telecom network equipment maker Nokia's acquisition plan for French rival Alcatel-Lucent has received the conditional clearance from the Chinese government. The China's Ministry of Commerce has approved it with some conditions on the Euro15.6billion ($17.6bn) deal's antitrust process.
China's economy grows at its slowest pace in more than six years in the third quarter. Gross domestic product between July and September expanded 6.9% from a year ago, its weakest since the first quarter of 2009. While that is better than the forecasted 6.7% growth, it is lower than the 7% recorded in the first two quarters.
The world's second largest economy witnessed its lowest growth rate in the last two decades. China's gross domestic product (GDP) growth rate dipped below seven percent during the third quarter for the first time after the financial crisis. A record of 6.9 percent, below the Chinese government's target of seven percent and slightly better than the forecasted 6.8 percent. This is translating into more pressure on the Chinese government to lower interest rates and some measures to strengthen the growth rate.
Chinese mobile maker Huawei Technologies Co Ltd has decided to invest $1billion on information and communication technology (ICT) development over the next five years. Huawei will work closely with Britain in the development of technology applications in the telecommunications segment.
Many iPhone users are surprised when they could not access Apple News app in mainland China when they were able to use it in many places around the world. Granted that the said app is being tested in the United Kingdom and Australia, still the app is prevented by Chinese censorship from being activated.
Asian stocks continued to slide for the second session following the renewed concerns over the moderating inflation and slump in factory output in the China's economy.
In China, the process in Volkswagen AG's diesel cars designed to fool emissions test greatly worries its quality watchdog. It said on Monday that these vehicles need to take specific follow-up measures.
Chinese smartphone manufacturer, Xiaomi announces its latest flagship and addition to its high demand Mi4 family with the new Mi4c. The company has been able to keep with its theme of producing an affordable smartphone with high spec. The Mi4c according to some reviewers comes with a spec similar likes the Google Nexus 5X but with cheaper price tag.
There's good news in a form of startups for China, which is reeling under the pressure of the slowdown in the economy. Giving much breath to China, over 10,000 startup firms are to take off every day. The majority are small enterprises.
