News Digest: August 10-12

The following press releases and media reports about Chinese companies were carried on August 10-12. To view a full article or story, click on the link next to the headline.
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• After 9 Years, Tesco (London: TSCO) Gives Up On Cracking China Alone (English article)
• China To Let Banks Sell Off Loans In Prelude To Possible Bailout (English article)
• China’s Largest Investment Bank CICC In Early Step Towards IPO – Report (English article)
• Xiaomi Raises 2013 Handset Sales Projection to 20 Mln Units (English article)
• Samsung Leads China Smartphone Market, Apple Drops out of Top 5 (English article)
• Latest calendar for Q2 earnings reports (Earnings calendar)