Tier 1 newswirereuters.com
China smartphone shipments fall for sixth straight quarter - IDC
China's smartphone shipments have declined for six consecutive quarters, highlighting a persistent slump in consumer demand that weighs on the overall economic outlook. The sustained weakness reflects broader economic challenges, pointing to potential implications for currency stability, particularly with the CNY facing ongoing depreciation pressures. This prolonged downturn in a key sector underscores the fragility of China's recovery, contributing to a stronger USD as investors seek safer assets amidst regional volatility.