Since its debut, the 1,999 yuan ($312.3) Mi-One, the first generation of Xiaomi mobile phones, has attracted great attention in China. The 1.5-gigahertz (GHz) dual-core device has a superior hardware combination and runs at a speed faster than most flagship mobile phones produced by well-known brands.
The charts suggest there is a high probability 2012 will be a replay of 2008 as markets retest the 2008 lows. The conditions leading to this market fall are not the same as those that were seen before the 2007 collapse. In 2007, the markets were dominated by end-of-trend patterns, including head and shoulders and rounding tops. Markets at the end of 2011 mostly do not have these patterns. Instead, markets are being dominated by substantial increases in volatility, which are a reflection of political and economic instability.
Chinese Premier Wen Jiabao Sunday told visiting Japanese Prime Minster Yoshihiko Noda that China is willing to work with Japan in promoting the direct use of their respective currencies in bilateral trade.
China's weak and immature equities market could pose serious difficulties for investment of the country's pension funds, but allowing the funds to enter the capital market could help improve short-term market liquidity, analysts said.