The China Academy of Information and Communications Technology under the Ministry of Industry and Information Technology reported a decline in mobile phone shipments in the country for the fifth month in a row. According to the ministry, in March, 28 million 370 thousand mobile phones were sold, which is 6% less than in March last year. 95.1% of all shipments were phones that support the 4G communication standard. The number of smartphones sold in the past month amounted to 26 million 940 thousand units, ranking 94.9% of the total sales of mobile phones. Their figure declined in annual terms by 4.1%. Chinese brands accounted for 90.5% of all sales. The number of new models that went on sale in March of this year was 35% less than a year earlier and amounted to 52 units. In the first quarter, sales of mobile phones decreased in annual terms by 11.9%, reaching 76 million 931 thousand units.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...