In 2016, China manufactured 2.1 billion sets of mobile phone, a 13.6% increase from 1.81 billion sets in 2015, and a one billion units increase over five years. This is just a simple example of how the electronics industry in China is booming, at an astounding rate.
It is even predicted that the output of the China semiconductor industry in 2017 will increase by almost 20% to achieve a value of RMB 517.6bn ($80bn).
According to Gartner, China imports half of the chips manufactured in the world, but manufactures just 10% of the world’s total production. And according to data from the China Customs, in 2016 more than $227bn was spent on importing integrated circuits and chips (ICs); for the first 10 months in 2017, $207bn was spent on importing such devices.
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