China's urban fixed-asset investment increased by 26.1 percent year-on-year to 4.674 trillion yuan ($684.63 billion) in the first four months of this year, the National Bureau of Statistics (NBS) announced today.
The growth followed a 26.4 percent increase in the first quarter this year.
Investment in the country's property market climbed 36.2 percent to 993.2 billion yuan in the first four months this year, it said. The growth rate accelerated from 35.1 percent in the first quarter.
"LePhone's top-notched domestic content suppliers are the key 'weapon' to compete with the iPhone in the Chinese market," said Liu.
Chajet said new communications technologies could bring forward the day when China has its first global brand.
Greece's only hope of avoiding bankruptcy is to take money from a joint EU and International Monetary Fund rescue package.
China has taken a series of measures in recent months to curb prices in the residential property market, which soared 11.7 percent in March.
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