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Foreign-branded smartphone shipments to China, including Apple's iPhone, witnessed a steep fall of 47.4% year-on-year in November, as reported by CAICT. This follows a similar decline in October, with increasing competition from domestic brands like Huawei, affecting Apple's market share in the world's largest smartphone market.
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News and Media
China will expand consumption subsidies to cover smartphones, tablets, and smartwatches to boost domestic spending. This comes as part of a national trade-in programme, currently applicable to home appliances and cars. The move aims to offset potential impacts of new US tariffs on Chinese exports and encourage companies to upgrade equipment.
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News and Media
Mexico may accept non-Mexican migrants deported by the US. President Claudia Sheinbaum mentioned possible collaboration with the US if direct deportations are not feasible. Mexico might limit certain nationalities or seek compensation. Northern Mexico's border cities face challenges with crime and kidnapping. Mexico temporarily halted deportations in December 2023 due to financial constraints.
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News and Media
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