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ADB: China’s economy to stay resilient

There is a combination of issues that many countries in developing Asia are facing but we do see the Chinese government responding quite strongly to some of these headwinds through a combination of fiscal and monetary policy measures," said Safdar Parvez, advisor at the East Asia Department of the ADB, during a virtual media briefing.

Global phone sales decline again, Apple garners max profits

Global handset market sales declined for a second consecutive quarter this year, falling 2 per cent (year-on-year) and 15 per cent (on-quarter) to $95.8 billion in the June quarter, while handset revenues as well as profits were largely driven by Apple.