Subsidy repayments push TV makers into the red
By Fan Feifei | China Daily | Updated: 2016-02-02 08:16
Emerging Internet TV firms making sector more competitive
Two of China's largest home appliances manufacturers are predicting huge losses for 2015.
Sichuan Changhong Electric Co Ltd has forecast it will slip 1.97 billion yuan ($300.3 million) into the red, a staggering 3,455 percent fall compared with 2014, according to its pre-announcement figures issued on Saturday.
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