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China technology

Chinese chip maker SMIC’s sales fall for third straight quarter despite boost from Huawei’s 5G smartphone revival

by Anas Siddiqui
Chinese chip maker SMIC’s sales fall for third straight quarter despite boost from Huawei’s 5G smartphone revival

The Shanghai-based chip maker reported a 15 per cent fall in revenue in the September quarter to US$1.62 billion, versus an average projection for US$1.64 billion. Net income dropped 80 …

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China hunts for new industrial ‘pillars’ to replace a wobbly property market

by Ron Morgan
China hunts for new industrial ‘pillars’ to replace a wobbly property market

As China’s property sector – once a steadfast contributor to a sizeable chunk of the country’s gross domestic product (GDP) – becomes a less reliable growth driver under a cloud …

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