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Customs agency has left millions in Chinese furniture duties uncollected for N.C.

2015-05-11 13:15:03| Furniture - Topix.net

The money has gone uncollected for years by U.S. Customs and Border Patrol, but Sens. Richard Burr, R-N.C., and Charles Schumer, D-N.Y., along with colleagues in other states, have recently tried to pressure the Obama administration to do something about the lost revenue. The senators have asked the agency to explain how it's going to collect the money owed U.S. manufacturers.

Tags: left chinese agency furniture

 

Chinese smartphone market, world's largest, shrinks in first-quarter: study

2015-05-11 12:49:55| Semiconductors - Topix.net

China's smartphone market has reached saturation, according to a new study by industry analyst IDC that carries potentially significant implications for the global handset industry led by giants like Apple Inc and Samsung Electronics Co Ltd . BEIJING: China's smartphone market has reached saturation, according to a new study by industry analyst IDC that carries potentially significant implications for the global handset industry led by giants like Apple Inc and Samsung Electronics Co Ltd .

Tags: market study chinese largest

 
 

Chinese boss pays for 6,400 employees to go on luxury French vacation

2015-05-11 10:17:20| Biotech - Topix.net

Employees of Chinese company "Tiens" attend a parade on May 8, 2015 in Nice organized by "Tiens" CEO Li Jinyuan as part of the two-days celebration weekend for the 20th anniversary of his company in which he invited 6,400 of his employees. A Chinese billionaire paid for a massive four-day corporate trip to France, covering the costs for over half of his 12,000 employees, to celebrate the firm's 20-year anniversary.

Tags: french chinese pays employees

 

Apple leads contracting Chinese smartphone market in Q1

2015-05-11 08:45:00| Telecompaper Headlines

(Telecompaper) The number of smartphones shipped on the Chinese market slipped 4 percent year-on-year to 98.8 million units, the first decline in six years, as the China smartphone market continues to mature, a report by the IDC revealed. On a sequential basis, the market contracted 8 percent on the back of a large inventory buildup at the end of last year. IDC expects relatively flat growth for China this year as the market becomes increasingly saturated. Most of the market's growth will come from sub-USD 150 phones as feature phone users switch to low-cost smartphones. Convincing existing users as well as feature phone users to upgrade to new smartphones will now be the key to further growth in the China market, the report said. Apple was the top smartphone vendor, with its market share growing to 14.7 percent from 8.7 percent the year before, and the number of devices shipped going to 14.5 million from 8.9 million. Xiaomi fell to second position as it faced strong competition from other vendors in the low to mid-range segment of the market, with its market share still rising to 13.7 percent from 9.2 percent and the number of devices shipped going to 13.5 million from 9.5 million. Huawei maintained third position as it saw a good uptake in the mid-range segment. Its market share lifted to 11.4 percent from 7.8 percent and the number of devices shipped went to 11.2 million from 8.0.

Tags: market chinese leads apple

 

Martin Automatic boosts Chinese converter\'s productivity

2015-05-11 07:00:00| Label and Narrow Web Breaking News

To meet its customers order demands, Jantan Color has invested in unwinding and rewinding equipment from Martin Automatic.

Tags: martin chinese automatic productivity

 

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