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Vivo offers new smartphone with 5G, 4G versions as China demand for advanced service still in early days

Vivo introduced a new premium handset on Monday that targets China’s nascent 5G smartphone market, less than a week after rivals Apple and Oppo launched their latest 4G-only devices.The Nex 3 from Vivo, however, is designed to appeal to more consumers in the world’s largest smartphone market because it is available in 5G and 4G versions, according to the Dongguan-based company.“We’re trying to provide more choices for consumers,” said Ding Guanli, a Vivo product manager, at a media briefing… Source link

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Money 

‘It all started from Hong Kong’: two of Southeast Asia’s richest men on early success and the belt and road plan’s future

Two of Southeast Asia’s most prominent members of the Chinese diaspora, businessmen Dhanin Chearavanont and Mochtar Riady, took the stage at the Hong Kong Trade and Development Council’s Belt and Road Summit on Wednesday to reminisce about being early investors on the mainland.The tycoons emphasised their belief in China’s economy and President Xi Jinping, and described how Hong Kong had played an essential role in their early successes – and could do so today for investments related to the… Source link

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China 

China tipped to start rate cutting ‘road map’ as early as next week, as economic slowdown deepens

As pressure builds on China’s central bank to contain the impacts of the ongoing US trade war and a broad-based economic slowdown, analysts are tipping it to start an extended cycle of interest rate cuts as early as next week, through its new Loan Prime Rate system.This would bring the People’s Bank of China (PBOC) into line with a global monetary easing cycle led by the US Federal Reserve and the European Central Bank and follows the PBOC’s decision on Friday to pump 900 billion yuan (US$126… Source link

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China 

China-US trade war talks to resume in early October as global growth outlook dims

China said it would strive to make substantial progress to resolve the trade war with the United States when the countries’ negotiators resume face-to-face talks in Washington in early October, with the year-long conflict prompting private sector economists to cut their 2020 growth forecasts.The Ministry of Commerce made the pledge after Chinese Vice-Premier Liu He and the US’ Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke on the phone on Thursday, their… Source link

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Hysan Development, the biggest landlord in Causeway Bay, feels the brunt of protests, expects July sales drop in ‘early teens’

Hysan Development, the biggest landlord in Hong Kong’s shopping district Causeway Bay, said that overall sales at its shopping centres is likely to have fallen by at least 10 per cent in July, as the regular extradition bill protests in the area kept shoppers away.“For July … I believe a drop can be seen. The initial estimate will be in early teens, a drop of at least 10 per cent,” Roger Hao, Hysan’s chief financial officer, said after the firm reported an 8.9 per cent rise in an underlying… Source…

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Vietnam 

Family businesses need early succession plans: conference – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A panel discussion at the conference titled Developing the Next Generations of Leaders – Best Practices of Worldwide Successful Family Businesses held in HCM City on Wednesday. — VNS Photo HCM CITY — Family-run businesses need to develop clear and early succession plans, a conference heard in HCM City on Wednesday. Leadership transition is critical for family enterprises, they said. The first generation takes time and effort to establish a business and hopes the business it has created would thrive through multiple generations of family ownership, they said. Hoe…

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Too early to tell who will emerge 5G winner as tech innovation still to unfold says Cisco executive

Emerging economies should not sit out investing in 5G just because the US and China are competing head on in the next-generation mobile network technology, as the ultrafast telecoms infrastructure will bring benefits to all, according to a Cisco executive.“[Smaller countries] sometimes don’t feel like they can win. But emerging economies can benefit … they [should] invest and compete,” Guy Diedrich, global innovation officer at Cisco, said in an interview last week in Hong Kong. “We have to… Source link

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A Xi’an girl’s escape from early death sheds light on China’s arduous journey to make drugs affordable for rare diseases

When Gu Ruofei was four and half years old, teachers at her school in Shaanxi province reported that she had trouble jumping during her dance class.As her motor skills deteriorated, doctors in the provincial capital of Xi’an suspected the toddler may be afflicted by a metabolic disorder that stunted her growth. Blood tests in Beijing confirmed in 2004 that Gu had mucopolysaccharidosis (MPS), a progressively debilitating disease caused by the absence of an enzyme. Undetectable at birth, symptoms… Source link

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Vietnam 

European enterprises back early signing of EVFTA – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Minister of Industry and Trade Trần Tuấn Anh (standing) at the meeting with European business associations and organisations on June 18. — VNA/VNS Photo Kim Chung BRUSSELS — Minister of Industry and Trade Trần Tuấn Anh on Tuesday discussed measures to speed up the signing of the Europe-Việt Nam economic agreements with European business associations. At the meeting, the minister provided relevant information about the agreements between Việt Nam and the EU, which are the EU-Việt Nam Free Trade Agreement (EVFTA) and the EU-Việt Nam Investment Promotion Agreement (EVIPA). He told…

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Property 

Protest against controversial extradition bill casts shadow on Hong Kong’s largest property sales since early May

Property sales were disappointing on Sunday in Hong Kong’s biggest offering since early May, as buyers stayed away amid huge protests in the city against a proposed extradition bill, and ongoing concerns over the US-China trade war.Not only is Hong Kong sitting in the middle of a worsening US-China trade war, but also its own political turmoil as protesters took to the streets on Sunday for a third time in a week against a proposed extradition law that would allow suspects to be sent to… Source link

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