The incomplete and slow developing financial system in China has discouraged finance institutions, especially banks, to lend money to small and medium-sized enterprises (SMEs), Wu Xiaoqiu, head of the Finance and Securities Institute at the Renmin University of China, told Thursday's China Entrepreneurs Summit.
Huawei Technologies Co Ltd, the world's second-largest network equipment maker, expects its mobile phone sales to hit 14 billion yuan ($2.19 billion) this year with a total shipment of 22 million units in China, said a company official on Sept 27.
One of China's leading internet service portals, qq.com, launched its Olympic strategy plan on Thursday, announcing 10 video programs during the London Olympic Games next year.
The overseas market may eventually contribute as much as 80 percent of ZTE Corp's total sales, said Hou Weigui, the president of ZTE.
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