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Integrated circuit imports soar by more than 70 percent in August
Local Customs officials last week announced that 330 million integrated circuits flowed into Xiamen last month, up by more than 74 percent year-on-year.
The import of integrated circuits topped 2.4 billion in the year-to-date, up by 36 percent over last year. The collective value of the imported products hit 15.6 billion yuan, up by more than 21 percent year-on-year.
Accounting for more than 70 percent of global production capacity for industries such as smart phones, computers and consumer electronics, China is the world's largest market for integrated circuits.