BEIJING - Chinese equities dropped Wednesday morning with the benchmark Shanghai Composite Index down 0.94 percent to close at 2,622.67 points at midday.The Shenzhen Component Index lost 0.74 percent to 10,016.79 points.
Chinese computer maker Lenovo said it expects to sell more than 1 million of its LePhone smartphones nationwide over the next 12 months.
Many celebrity-linked stock prices soared after the entertainment celebrities’ names were found in listed companies' filed reports.
"LePhone's top-notched domestic content suppliers are the key 'weapon' to compete with the iPhone in the Chinese market," said Liu.
Chajet said new communications technologies could bring forward the day when China has its first global brand.
Greece's only hope of avoiding bankruptcy is to take money from a joint EU and International Monetary Fund rescue package.