Drop in China’s Chip, Tech Output Casts Shadow on GDP Recovery
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China’s production of key electronics declined so far this year despite a bullish rebound in the overall economy, showing the unevenness of the country’s recovery.
Output of semiconductors fell nearly 15% in the first quarter from the same period last year, according to data released by the National Bureau of Statistics on Tuesday. Smartphones production shrank 13.8% in the same period, as local brands like Oppo, Vivo and Xiaomi Corp. struggled to shake off a sales malaise that’s affected Android handsets for over a year.