While the Chinese figure may not be reflective of the actual number of mobile users in country as some of these connections are currently inactive, it is still a compelling statistic that shows the huge growth opportunity that China presents for many smartphone manufacturers.
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The employee, an "inoffensive and quiet" but talented man versed in several programming languages, "spent less than one fifth of his six-figure salary for a Chinese firm to do his job for him", Mr Valentine said.
These questions are as difficult to decide as it will be for investors to figure how to bet on Chinese IPO darlings, up or down.
If U.S. companies can figure out how to piggyback on Chinese production, the looming threat may indeed become an opportunity.
Said another way: the Chinese have extreme faith that oil companies will figure out how to drill and develop heretofore impossibly difficult reserves.
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On top of that, American children do only about an hour's-worth of homework a day, a figure that stuns the Japanese and Chinese.
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"In the next year there will be an effort to figure out a way to engage the Chinese more energetically, " he said.
For the first half of 2007, this figure was close to 3%, Chinese officials say, but that's still short of the 4% reduction needed each year from 2006 to 2010 to achieve the goal.
Yes, the Q1 figure over-states it, because the Chinese New Year marks very heavy demand.
The most often referred to figure at the conference was the 65% of Chinese ODI that went through Hong Kong.
That figure will begin to shift in coming years as Chinese and Indian consumers start to become wealthy enough to buy the gemstones.
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He hired a Chinese consulting firm for less than 20 percent of his six-figure salary to do his job.
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Valley is not overawing: according to a recent survey, Russians comprise only about 2.4% of immigrant entrepreneurs in the area, a modest figure when compared to Indians (33%), Chinese (8%), and even British (6.3%), Canadians (4.2%), Germans (3.9%), and Israelis (3.5%).
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For every Chinese buyer who trusts a familiar brand or sales agent, many more will figure that a native developer has a better product.
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So far this year, share sales have accounted for just 26% of Chinese banks' total capital-markets revenue, Dealogic says, while the figure is 55% at Goldman.
This is the highest ever sales figure recorded for the first half of the year, buoyed by continued retail demand from the Indian and Chinese consumer markets and stronger than expected demand in America, De Beers said in its earnings report.
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