20190728 China News
Source: | Author:eacham | Published time: 2019-07-28 | 744 Views | 🔊 Click to read aloud ❚❚ ▶ | Share:

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Profits of China's major industrial firms fell 2.4 percent year on year in the first half of 2019, data from the National Bureau of Statistics (NBS) showed Saturday.

The battle of China's 5G smartphone market has intensified with Huawei Technologies Co's domestic unveiling of its first commercial model powered by fifth-generation technology on Friday.


Huawei said on Friday that the company will use its HongMeng operating system in smart TV products to be unveiled in August. The move is part of Huawei's broader push to increase the applications of its in-house research and development capabilities amid the US government's restrictions on the company.

Top negotiators from China and the United States will meet in Shanghai on Tuesday and Wednesday for the first time since President Xi Jinping and his US counterpart Donald Trump agreed in June to resume economic and trade consultations.

Stocks on Shanghai's STAR Market extended their gains on Thursday, and analysts said prices of stocks on the new tech-focused board may diverge with lower volatility in the near future.

China's household income and consumption growth stayed strong despite domestic and overseas headwinds, a survey showed.

Chinese fund management companies should ride the boom of pension fund-of-funds providers and work closely to develop more exchange-traded fund products for longer-term retail wealth, according to a new survey.

Source:Globaltimes, Xinhuanet, Chinadaily, Shine, Gdtoday，China Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham




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