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Huawei executive director and consumer BG chairman Yu Chengdong said at a Huawei product launch that sharply higher memory prices may force broad smartphone price increases; continuing to sell at previous prices would be loss-making.

2026-08-05

Huawei executive director and consumer BG chairman Yu Chengdong said at a Huawei product launch that sharply higher memory prices may force broad smartphone price increases; continuing to sell at previous prices would be loss-making.

Other News
2026-08-05

Japan June overtime pay YoY 2.8%, down from 2.9% previously.

Japan June overtime pay YoY 2.8%, down from 2.9% previously.
2026-08-05

At an Aug 4 H2 2026 meeting, the PBOC Shanghai headquarters said it will firmly implement an appropriately loose monetary policy and press financial institutions to more actively tap effective credit demand. It will deploy structural monetary-policy

At an Aug 4 H2 2026 meeting, the PBOC Shanghai headquarters said it will firmly implement an appropriately loose monetary policy and press financial institutions to more actively tap effective credit demand. It will deploy structural monetary-policy tools, support a Shanghai bond market technology board, and steadily deepening financial reform and opening, including improving the FX management framework and advancing cross-border trade financing, overseas lending and overseas listing policies. The HQ urged stronger SME FX-hedging capacity, coordination of cross-border and offshore finance with accelerated pilots for offshore business reform, and faster digital adoption and ecosystem building. It also prioritized strengthening macroprudential frameworks, systemic risk prevention and cross-border risk monitoring, and cracking down on illegal financial activity.
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