Smartphone shipments in China fall 16% last month

china economic growth history

Smartphone shipments in China fell 16% in previous month compared with a year earlier, according to government data released on Tuesday. The numbers suggest that handset demand in China remains lukewarm despite the country’s recovery from the coronavirus pandemic, boding poorly for Apple Inc and its local rivals like Huawei Technologies Co Ltd.

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United States and China Set to Sign Massive Purchases Deal, Easing Trade War

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On Wednesday the U.S.-China trade war is set to enter a new, quieter phase as U.S. President Donald Trump and Chinese Vice Premier sign an initial trade deal that aims to vastly increase Chinese purchases of U.S. manufactured products, agricultural goods, energy and services.

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