ZTE reports 29% profit boost thanks to mobile network and handsets

ZTE, China’s lesser known technology giant, has reported a surge in profits over the first six months of the year to CNY 2.29 billion (about $340 million), an increase of 29.8%.
Huawei might hog the headlines, but ZTE is not doing a bad job either. Competitors in Europe might be facing tough times, but the gravy train is running smoothly in China. Total revenues across the first six months were up 13.1% to CNY 54.01 billion (roughly $8.1 billion).
In the carrier business, which accounts fo