China Sees Drop in Chipmaking Imports, Report Says
Chinese imports of chipmaking “machines” dropped in November to their lowest levels in two years, Bloomberg reported Dec. 21. Chinese companies reported $2.3 billion worth of imports of the machines last month, a 40% drop from the previous year and…
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the lowest level since May 2020, the report said. The drop comes amid new U.S. export restrictions on semiconductor items to China (see 2210070049, 2211010042 and 2212060059).