As the largest market for smartphones, China has seen a decreased market share held by leading phone-makers including Apple and Samsung in 2016, with domestic brands being the biggest beneficiaries of these drop-offs, Economic Information reported on Dec. 28.Samsung’s market share dropped by 14.2 percent in the third quarter of 2016, the company’s worst performance to date, which has mainly been attributed to widespread battery explosions of Samsung phones over the past year. But there’s no guarantee the brand will return to the top even if it survives its current crisis.Meanwhile, Samsung’s f...
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For five years in a row, China has topped the world in patent applications, and it has been emerging as a dynamic engine of global innovation, reports Xinhua.A report by the United Nations World Intellectual Property Organization (WIPO) shows China registered 1.1 million patents in 2015, the first country to file more than a million patent applications in a year.This totaled almost as many applications as the top three runners-up combined, referring to the United States (578,000 applications), Japan (325,000) and South Korea (214,000).China saw the highest annual growth rate of 18.7 per cent.B...
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2016
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Chinese middle-income earners make up 37.4 percent of the country’s population, according to an expert from the Chinese Academy of Social Sciences (CASS) on Dec. 21.The incomes of urban and rural residents are on the rise, according to Chen Guangjin, head of the Institute of Sociology at CASS. Chen noted that per capita disposable income increased by 6.3 percent year on year in the January-September period, with respective rises of 5.7 and 6.5 percent in urban and rural areas.From January to September, the average per capita disposable income in urban areas was 2.82 times that in rural areas, ...
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2016
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China launched its first carbon dioxide monitoring satellite early Thursday, a move that experts said will contribute to global research on climate change and also enable the nation to play a bigger role in this field.The satellite was launched on a Long March-2D rocket from the Jiuquan Satellite Launch Center in Northwest China’s Gansu Province, the Xinhua News Agency reported.The 620-kilogram satellite TanSat was sent into orbit 700 kilometers above the Earth and will monitor the concentration, distribution and flow of carbon dioxide in the atmosphere, Yin Zengshan, chief designer of TanSat,...
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2016
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French car maker Renault, together with local partners, has opened China’s first experimentation zone for self-driving cars in the central Chinese city of Wuhan.An electric autonomous driving (AD) car by Renault will operate on a 2-km-long lakeside road in the Sino-French Wuhan Ecological Demonstration City in Wuhan, capital of Hubei Province, starting this weekend.Visitors will be allowed to test and experience the autonomous vehicle in the zone, which was jointly built by the Renault Group, its Sino-French joint venture Dongfeng Renault Automotive Company (DRAC) and Wuhan Caidian Ecological ...
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2016
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