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July 7, 2017

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Electronics exports return to growth

CHINA’S electronics exports rebounded to an annual growth rate of 12.5 percent in the first five months, compared with a 3.6 percent fall a year earlier, the industry regulator said yesterday.

The manufacture of consumer electronics such as smartphones and TVs maintained steady growth while production of integrated circuits surged more than 25 percent, said the Ministry of Industry and Information Technology.

In the first five months, the growth in electronics manufacturing reached 13.9 percent, up 4.9 percentage points from a year ago. The ministry gave no value for exports and production, only percentages.

“The electronics manufacturing and export sector has become better and healthier, with increased volumes and improved profitability,” the ministry said.

China produced 564 million smartphones in the first five months, a 7.5 percent growth year on year.

Huawei, Oppo and Vivo have become top five global smartphone vendors behind Samsung and Apple. They have also expanded overseas, which boosted manufacturing and exports.

Other products such as personal computer sand TV also maintained “steady” growth in the period. The integrated circuit sector soared 25.1 percent from a year earlier.


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