HP lowers PC prices in China

The world's number-two PC maker Hewlett-Packard has lowed PC prices in China with the lowest price at 4,000 yuan or 480 U.S. dollars, seen as a response to the recent Lenovo-IBM deal. The price matches that for a similar basic model introduced earlier this year by the country's biggest seller Lenovo Group.

Lenovo bought IBM's PC-making assets on Thursday for $1.25 billion U.S dollars, to help it expand beyond the competitive domestic market.

Analysts think this acquisition will influence the domestic market and price system.

Other Chinese PC makers like Founder and ASUS are also cutting their computer prices in a bid to scramble for customers before Lenovo integrates its business with IBM's PC assets.

Source: CRI