EDM1 – Issue 247

Ringing the changes: Xiaomi turns to India to keep smartphone sales growing

Plus: six SOEs to pilot landmark reforms; China Eastern fires first salvo in low-cost airline war; and Shanghai gets the nod in BRICS bank announcement

Also: Shandong surprises with bond pricing; mahjong misery as Chinese team trounced by Japan; and the lure of US hospitals for rich Chinese