The Chinese smartphone market slowed down significantly in 2015 as the growth rate plummeted from 20 percent to just 2.5 percent but the business is currently showing good prospects with a rapid growth since the first quarter of 2016.
The upward surge points to the economic recovery measures taken by the government since the country absorbed its financial shock.
“Many people – rich and poor – committed suicide due to the record-breaking losses experienced in the stock market last year”.
In 2015, vendors struggled to find more first-time buyers but 2016 has proved that there’s a lot more to offer in smartphone productions and sales.
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With the quality products offered, these indigenous companies – Lenovo, ZTE, HTC, Xiaomi – are fearlessly competing with Apple and Samsung for loyal end users in the market.
“Intending importers of these products are advised to be cautious. There are a lot of cloned phones with different names and labels that are imitated copies of real products”.
Alibaba and other online trading websites are working hand-in-hand with government agencies, clamping down on the fake product manufacturing companies.