Chinese language authorities knowledge: semiconductor output fell almost 15% YoY in Q1 2023; smartphone manufacturing fell 13.8%, as native manufacturers like Oppo and Xiaomi struggled (Bloomberg)

Bloomberg:

Chinese language authorities knowledge: semiconductor output fell almost 15% YoY in Q1 2023; smartphone manufacturing fell 13.8%, as native manufacturers like Oppo and Xiaomi struggled  —  China’s manufacturing of key electronics declined to this point this yr regardless of a bullish rebound within the total economic system, exhibiting the unevenness of the nation’s restoration.