At the product launch in Cupertino, California on Monday, Apple vice president of iPhone Product Marketing Greg Joswiak singled out China as a target market, saying four-inch displays like that on the iPhone SE were still popular with first-time smartphone buyers.
Shaun Rein, managing director at China Market Research group says, the sentiment has improved post the new-year break with fewer mass layoffs and certain conducive policy initiatives from the Chinese government like lower mortgage rates for first-time home buyers.
The weakness in the Chinese market is on the back of weak industrial production data and a lot of investigations and arrests over the past few weeks, says Shaun Rein, managing director, China Market Research Group.
Shaun Rein, managing director, China Market Research Group says while the Chinese economy is certainly weak, it is not as weak as most people are making it out to be. In fact he advised investors with a risk appetite to get into commodity stocks
Additionally, there has been a 300 basis points reserve requirement cut for financial and auto leasing companies and a 50 bps cut in reserve requirement for rural commercial and rural corporate banks.
One China bull, Shaun Rein, MD of China Market Research, is not buying all the scary headlines that are emerging out of the country.
Shaun Rein, China Market Research Group says the market fall is due to panic among investors.
In an interview to CNBC-TV18, Shaun Rein, Managing Director, China Market Research Group says the pricing and fundamentals in the Chinese markets are not correlated.
Media reports said leading brokerages have tightened margin rules in order to curb in order to what many analysts believe is heightened speculative activity in the market.
With the disconnect between Indian and Chinese equities becoming stark this year – the Sensex is about flat year-to-date while the Shanghai Composite has netted about 50 percent – some analysts believe the trade is set to continue for a while.
The rate cut was widely expected, given the weakness in China‘s economy. But the size of the cut was bigger than was expected, and market experts see this as an admission that the slowdown could be worse feared
Shaun Rein, managing director China Market Research says the equity market is only trading on expectation of stimulus and will crash anything between 5-20 percent if it doesn‘t come through.
China cut interest rates unexpectedly on Friday, stepping up a campaign to prop up growth in the world's second-largest economy as it heads towards its slowest growth in nearly a quarter century.
Up until last week, China's government had been making all the right moves to manage the financial crisis. Unlike the Obama administration, the Chinese government demonstrated it had a plan and the political capital to push that plan through.
It was billed as a new, bold President Obama who stood up to a rising China to reassert America`s power in the Asia-Pacific region. President Obama took a hard line at the recent Asian leaders summit in Bali, Indonesia, chastising China for not "playing by the rules".