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Financial support for Tibet: China


Beijing: Preferential financial policies will be continued by China to support Tibet for the next five years.

On Wednesday, Deputy Head of the People’s Bank of China, Pan Gongsheng urged commercial banks to provide more credit resources for the state while risks are under control, Xinhua news agency reported.

He stressed on diversifying financial businesses and increasing branches in Tibet and encouraging qualified capital to establish small institutions like private and village banks.

More direct financing and financial bonds are expected to facilitate enterprises, especially small and micro businesses, in Tibet.

Liu Shiyu, Chairman of Agricultural Bank of China, said that the bank had set up 511 branches in Tibet and will try to establish financial services in all counties with access to highways, electricity and phone signals by the end of 2016.

Heads of Agricultural Development Bank and People’s Insurance Group also said that there will be more capital and policy support for Tibet’s local financing and industrial expansion. Tibet’s head Dalai Lama lives in India and has kept the demands of the freedom alive for the people of his place.

With such initiatives, China is trying to woo the locals of the troubled state. The communist party led country keeps facing protests all around the world for this issue. (IANS)

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itel Mobile to launch new budget smartphone lineup

The large display smartphones will sport a slim profile with an edge-to-edge display

itel to launch new smartphones in Indian Market. IANS
itel to launch new smartphones in Indian Market. IANS
  • itel to launch a new range of smartphones in India
  • it is a China-based company
  • The company first started selling its phones in India in 2016

China-based Transsion Holdings’ itel Mobile is set to launch a series of budget full-screen smartphones and a flagship device with 5.5-inch display in India on March 20.

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New smartphones to be launched by itel soon. Flickr

The flagship device would come with 180-degree wide-angle viewing camera, industry sources told IANS on Monday. The flagship smartphone is expected to run Android 8 Oreo Operating System (OS) and pack a 3,000mAh battery.

Also Read: Nokia 2 with 4100mAh Battery hits Indian Markets

itel Mobile’s new portfolio could have five smartphones with ultra-thin bezels and priced between Rs 5,000-Rs 10,000 and sport fingerprint sensors.

The large display smartphones will sport a slim profile with an edge-to-edge display. Launched by its parent company Transsion Holdings, itel forayed into the Indian market in April 2016.

Nokia 2
The new phones will have a very slim display. Youtube

When it comes to India’s overall mobile handset leader board in January 2018, Itel was third with eight per cent market share, research firm CyberMedia Research (CMR) said. IANS

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