The Traderszone Network

Published in TZ Latest News 8 September, 2014 by The TZ Newswire Staff

China Mobile Rallies As It Shifts Strategy

Shares of China Mobile (CHL) have been rallying, and the stock is trading at five-year highs. The surge followed the company’s latest quarterly report. The results weren’t so impressive, but China Mobile announced a shift in strategy aimed at controlling sales costs. China Mobile and other Chinese wireless companies are trimming subsidies for new phones and are instead lowering monthly fees. Analysts have responded positively.

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