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Chinese smartphone brands take bite out of Apple

Global technology heavyweights are eager to make inroads into China, the world's biggest smartphone market. Yet local brands like Xiaomi, Lenovo, Coolpad, Huawei are putting up stiff resistance, selling phones for around half the price of their larger competitors. They've even beaten the iPhone into fourth place in rankings of Chinese smartphone sales... and now they're setting their sights on foreign customers too.

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