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China Buys Fewer Chip-Making Machines as US Restrictions Start

  • New export restrictions on US firms began in early October
  • China is trying to develop a leading semiconductor industry

China’s purchases of machines to make computer chips fell 27% last month from a year earlier as the US imposed new, sweeping sanctions to try and derail the country’s chip ambitions.

Chinese firms imported $2.4 billion worth of machinery used in semiconductor manufacturing last month, the lowest amount in more than two years after Washington broadened restrictions on the sale of the gear to the world’s No. 2 economy.