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SHANGHAI (Reuters) – Around $57.83 billion worth of deals were agreed for the year ahead at the China International Import Expo (CIIE), the official China Daily said on Saturday. The Nov montblanc urban walker cufflinks uk sale. 5-10 CIIE, which brings thousands of foreign companies together with Chinese buyers in a bid to demonstrate the importing potential of the world’s second-biggest economy, closed on Saturday. Deals for intelligence and high-end equipment were set to total $16.46 billion, while those for consumer electronics and home appliances were around $4.33 billion, the paper said on its official Twitter-like Weibo site..

Sales agreed for the automobile sector goods hit $11.99 billion, while clothing and consumer goods inked $3.37 billion, and food and agricultural products made $12.68 billion, the paper said. In addition, $5.76 billion worth of medical devices and medical care goods were sold, the paper added. The trade expo is designed to demonstrate goodwill amid mounting frictions with the United States and others. On Monday, Chinese President Xi Jinping promised to lower tariffs, broaden market access and import more from overseas montblanc urban walker cufflinks uk sale.

SINGAPORE (Reuters) – Netflix (NFLX.O) chief executive Reed Hastings said that the streaming video company had no plans for cheaper prices in the hotly competitive India market and that an executive’s comments suggesting otherwise had been “misunderstood.” montblanc urban walker cufflinks uk sale. In an interview with Reuters on Friday, Hastings noted that Netflix had three price tiers in India: 500 rupees ($6.90) for a basic plan, 650 ($9.00) for a standard plan and 800 rupees ($11) for premium. Those prices are only modestly lower than what the company charges in the United States..

But in India, Hastings said, “we see the typical mix across these three plans that we see in many other countries like the U.S., which would indicate that we don’t have a pricing issue. Because if it was, everyone would be on the lower price plan.”. When asked directly if that meant the company had no plans for lower prices in India, he said: “Correct.”. Hastings’ comments followed a Singapore event where the company introduced 17 new original productions for Asia, including nine for India. He said local production was a key driver of new subscribers in India and elsewhere, but he declined to provide specific figures on Asia subscriber numbers and growth montblanc urban walker cufflinks uk sale.

Netflix launched in India two years ago and has won fans among a young, tech-savvy middle class in a country where video consumption of all kinds is soaring. It scored a big hit in July with the release of “Sacred Games”, a hard-boiled thriller built around Bollywood star Saif Ali Khan. Local industry players, however, say Netflix’s prices will make it hard to compete against domestic competitors like 21st Century Fox-backed Hotstar (DIS.N), Amazon’s (AMZN.O) Prime Video and satellite TV provider Tata Sky montblanc urban walker cufflinks uk sale.