Apple, Samsung face .9 billion wall to selling phones in China
China's state-run wireless operators are slashing subsidies they pay to make devices more affordable for consumers just as the biggest phone-makers are set to introduce upgraded products. After China Mobile Ltd. (NYSE: CHL) said it would cut subsidies …
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Insurance Firms Stop Online Sales, as Regulator Takes Long Look
The suspension was required by the China Insurance Regulatory Commission (CIRC) because they violated regulations when selling the products, a source close to the regulator said. "The CIRC required these Chinese companies to halt online sales because it found …
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