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Is China Mobile Losing Market Share Because It Doesn't Carry the iPhone?


Also in the news: Baidu launches an English-language site for developers, and IBM predicts major growth from the region.

China Watch: Top Business News From the World's Second Largest Economy

It was not a good 2012 for US companies in China, thanks to an economic slowdown and increased government regulations.

The American Chamber of Commerce in Shanghai conducted a survey of US companies and found that the number of firms that said they were profitable fell to 73% in 2012 from 78% a year ago.

"The 'new normal' for US companies in China will be characterized by a maturing economy that is likely to generate weaker growth returns and rising business challenges," said the chamber, according to AP.

In 2012, the Chinese economy grew by 7.8%, a rate that far exceeded those of the US, Europe, and Japan, but that was still China's slowest annual rate of growth since the 1990s.

American firms also said that they found China's regulatory environment "increasingly challenging."

"Reports from American managers competing in China indicate that some domestic firms take advantage of unclear rules, laws and regulations to give them a competitive leg up," the chamber said in its report.

Here is this week's business news:

IBM (NYSE:IBM): IBM presented its 2015 growth roadmap to investors at a conference this week. For 2015, the tech giant sees strong growth coming from China, South America, and Africa, as well its big data business. It also projects earnings of $20 a share or higher.

Here's how IBM projects how its business in China will be like in 2015:

(Source: ZD Net)

Baidu (NASDAQ:BIDU): Developers who are not fluent in Chinese rejoiced this week as Baidu, known as China's Google (NASDAQ:GOOG), launched an English-language website for developers, allowing them to have a chance to enter the lucrative and ever-growing Chinese market.

For now though, the English-language site "is limited to introductory materials about Baidu's developer services" though it "will eventually make it possible for developers who do not read Chinese to build apps for the Chinese market, tapping into Baidu's strengths in search, LBS [location-based services] and maps, cloud storage, and numerous self-developed technologies," said Baidu spokesperson Moca Huangfu in a statement.
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