A report released by Reuters this morning indicated that only one person was waiting outside the Apple store (AAPL, quote) in Shanghai’s financial district. But the Apple store on Shanghai’s posh Huaihai Road tells a different story.
Stock price action offers signs of encouragement for China’s beleaguered market. The Shanghai Index climbed +2.9% on impressive volumes, taking markets back to where levels were before the big run-up in September and breaking through key technical levels above 2000.
Neophyte Chinese mobile phone maker Xiaomi has made quite the entrance into the smartphone sector. While the company does not trade, delving into the company’s prospects allows us to see how its emergence will affect listed competitors in the Chinese smartphone sector.