China's ZTE Net down 27 pct in Q2 Amid Competition

From Reuters:

"China's No. 2 maker of telecoms equipment, ZTE Corp., said on Thursday its second-quarter net profit fell 27 percent amid stiff competition internationally and slowing business at home."

" ... while Huawei has succeeded in tapping more lucrative Western markets, most recently scoring its first deal in Japan, ZTE has remained confined to less lucrative and more competitive developing markets such as Africa and the Middle East."