Confirmation that the Chinese growth is slowing. After expanding at an average annual rate of almost 10 percent for years, the world’s second largest economy is likely to miss its growth targets.
Third quarter figures fuelled fears of a hard landing, or maybe worse, even though the country has a growth rate that would be coveted by many countries.
Among the problems, Chinese consumers are not spending enough, though it seems many of them are prepared to splash out on gadgets and particularly smartphones. That makes the country a dream market for companies like Apple, which just announced strong sales growth.
In this edition we’re also looking at another legendary phone-maker, which will shortly undergo a name change, and checking out the latest protests about the smartphone app-based taxi-like service Uber.
All that is in this edition of Business Weekly.