Prices of major TV products also fell, resulting in a decreasing profit margin and surging pressure for enterprises, said Zhu Yuanyuan, head of the electronic products division at AVC.
Profits earned by China's largest industrial firms dropped by 1.7 percent from a year earlier in the first seven months of this year, according to official data, but dig a little deeper and the picture is more nuanced.
Profits slowed from 1,609 percent in 2015 to 206 percent in 2016 to 36 percent in 2017. In 2018, the profit fell 7.7 percent year-on-year from 2017.
Prime Minister Mark Rutte,
Prioritization of personal happiness, pursuit of life quality over family creating demand for new products and services
President Xi Jinping, who is also general secretary of the Communist Party of China Central Committee, announced in November that China would launch the STAR Market and pilot the registration-based IPO system. The new market debuted on the Shanghai Stock Exchange on July 22.
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Previously on GeekWire: Amazon should introduce AWS to China the Microsoft Way, says China VC
Previously, the entry of foreign yachts to Hainan was handled by State-level transportation authorities.
Primary luxury apartment prices were largely flat, recording only a marginal decrease of -0.3 percent quarter-on-quarter. Several recently launched projects slightly lowered prices to achieve higher sales rates. Meanwhile, stable demand supported high-end secondary prices, which rose slightly by 0.7 percent quarter-on-quarter, according to statistics from JLL.
Pressure also came from the political bloc. Hwang Kyo-ahn, chief of the main conservative opposition Liberty Korea Party, went on a hunger strike earlier this week, demanding the renewal of the GSOMIA to safeguard the U.S.-South Korea alliance.