Xi Guohua News
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Chinese stocks rebounded from a three-month low in New York, led by Vipshop Holdings Ltd., on optimism the nation’s new leaders will focus on boosting consumption to fuel economic growth.
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China Mobile Ltd., the world’s largest phone company by users, may post its first annual profit drop in 14 years as its state-owned parent shifts costs that will boost the unit’s capital spending 49 percent.
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Ericsson AB, the world’s largest maker of wireless networks, rose to its highest level since 2011 after China Mobile Ltd. announced plans to boost capital expenditure by 49 percent this year.
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China Mobile Ltd. said Chairman Wang Jianzhou retired and will be replaced by Xi Guohua, completing a two-year transition to new leadership at the world’s largest phone company by subscribers.
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Apple Inc. is being outsold in China, the world’s largest handset market, by a company less than 1 percent its size, highlighting how the lack of low-cost products limits the iPhone-maker in emerging nations.
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China Mobile Ltd., the world’s largest phone company by users, said its ongoing trial of fourth-generation TD-LTE network equipment is going smoothly and it has uncovered no issues with the technology.
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Apple Inc. Chief Executive Officer Tim Cook said China will overtake the U.S. to become its largest market, as the iPhone-maker adds more stores and considers debuting new products in the country.
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China Unicom (Hong Kong) Ltd. led a drop in the nation’s biggest wireless carriers traded in the U.S. after data showed third-generation service users grew in May at the slowest pace in eight months.
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China Mobile Ltd., the world’s biggest phone company by subscribers, fell the most in more than a year in Hong Kong trading as profit growth cooled to the slowest annual pace in at least 13 years.
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China Mobile Ltd., the world’s largest phone company by users, and Apple Inc. are in talks to offer the iPhone, the carrier’s new chairman said.
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