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‘Brexit’ pushes back India-China financial dialogue

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 'Brexit' pushes back India-China financial dialogue

Beijing/New Delhi: Even as Finance Minister Arun Jaitley arrived in Beijing on Thursday on a five-day official visit, an important financial dialogue between India and China was pushed back to July, as interlocutors were busy monitoring the referendum developments in Britain, officials said.

According to Finance Ministry officials in New Delhi, the 8th India-China Financial Dialogue was to be held in Beijing on June 27. But a week ago, the two sides decided to defer it by a month in the wake of the referendum in Britain to stay or pull out of the European Union.

Economic Affairs Secretary Shaktikanta Das was to represent India in the bilateral dialogue.

“If Brexit happens, India is ready,” Das had tweeted earlier on Thursday. “Brexit vote today. We are closely tracking developments in UK. India well prepared,” he added, referring to the crucial vote, the results of which are expected on Friday.

Senior officials in the Finance Ministry in New Delhi and at the Indian mission in Beijing said the dialogue, in any case, is at the level of secretaries, and not ministers.

They added that all the other meetings of Jaitley while in Beijing — including an engagement with his Chinese counterpart Lou Jiwei on June 27 and interactions with investors and bankers — were on schedule.

The Finance Minister will also represent India at the first meeting of the board of governors of the Asia Infrastructure Investment Bank (AIIB) on June 25-26.

The India-China Financial Dialogue was established during the visit of Chinese Premier Wen Jiabao to India in April 2005. Thus far, seven rounds have been held — the last one in December 2014 in New Delhi.

Discussions are generally held in areas such as challenges facing the global economy, the macro-economic situation and policies in the two countries, progress on structural reforms, and the status of bilateral multilateral frameworks.

In the last round, India was represented by Dinesh Sharma, Additional Secretary in the Department of Economic Affairs, during which it was agreed that Chinese long-term investments in the Indian infrastructure sector will be encouraged, among other matters.

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Casino Days Reveal Internal Data on Most Popular Smartphones

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CasinoDays India

International online casino Casino Days has published a report sharing their internal data on what types and brands of devices are used to play on the platform by users from the South Asian region.

Such aggregate data analyses allow the operator to optimise their website for the brands and models of devices people are actually using.

The insights gained through the research also help Casino Days tailor their services based on the better understanding of their clients and their needs.

Desktops and Tablets Lose the Battle vs Mobile

The primary data samples analysed by Casino Days reveal that mobile connections dominate the market in South Asia and are responsible for a whopping 96.6% of gaming sessions, while computers and tablets have negligible shares of 2.9% and 0.5% respectively.

CasinoDays India

The authors of the study point out that historically, playing online casino was exclusively done on computers, and attribute thе major shift to mobile that has unfolded over time to the wide spread of cheaper smartphones and mobile data plans in South Asia.

“Some of the reasons behind this massive difference in device type are affordability, technical advantages, as well as cheaper and more obtainable internet plans for mobiles than those for computers,” the researchers comment.

Xiaomi and Vivo Outperform Samsung, Apple Way Down in Rankings

Chinese brands Xiaomi and Vivo were used by 21.9% and 20.79% of Casino Days players from South Asia respectively, and together with the positioned in third place with a 18.1% share South Korean brand Samsung dominate the market among real money gamers in the region.

 

CasinoDays India

Cupertino, California-based Apple is way down in seventh with a user share of just 2.29%, overshadowed by Chinese brands Realme (11.43%), OPPO (11.23%), and OnePlus (4.07%).

Huawei is at the very bottom of the chart with a tiny share just below the single percent mark, trailing behind mobile devices by Motorola, Google, and Infinix.

The data on actual phone usage provided by Casino Days, even though limited to the gaming parts of the population of South Asia, paints a different picture from global statistics on smartphone shipments by vendors.

Apple and Samsung have been sharing the worldwide lead for over a decade, while current regional leader Xiaomi secured their third position globally just a couple of years ago.

Striking Android Dominance among South Asian Real Money Gaming Communities

The shifted market share patterns of the world’s top smartphone brands in South Asia observed by the Casino Days research paper reveal a striking dominance of Android devices at the expense of iOS-powered phones.

On the global level, Android enjoys a comfortable lead with a sizable 68.79% share which grows to nearly 79% when we look at the whole continent of Asia. The data on South Asian real money gaming communities suggests that Android’s dominance grows even higher and is north of the 90% mark.

Among the major factors behind these figures, the authors of the study point to the relative affordability of and greater availability of Android devices in the region, especially when manufactured locally in countries like India and Vietnam.

“And, with influencers and tech reviews putting emphasis on Android devices, the choice of mobile phone brand and OS becomes easy; Android has a much wider range of products and caters to the Asian online casino market in ways that Apple can’t due to technical limitations,” the researchers add.

The far better integration achieved by Google Pay compared to its counterpart Apple Pay has also played a crucial role in shaping the existing smartphone market trends.

 

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