Lenovo says profit down 78 percent on weaker sales

China's Lenovo Group Ltd, on track to become the world's top maker of personal computers, reported a record quarterly profit, up by a third from a year earlier, as it gained more share in the PC market ...

China's economy entered into recession in December 2011. That's very old news to readers of Political Calculations, a little-read blog that somehow managed to scoop a number of financial institutions and even the New York Times in reporting on the poor health of China's economy back in February 2012.

AP - Lenovo Group, the world's fourth-largest personal computer maker, reported its second straight quarterly profit on Thursday as a 33 percent rise in sales drove its recovery from the global downturn.

Lenovo Group, the world's fourth-largest personal computer maker, reported its second straight quarterly profit on Thursday as a 33 percent rise in sales drove its recovery from the global downturn.

Lenovo, the world's fourth-biggest PC company, says its profits jumped a higher-than-expected 25% helped by a stronger yuan.