Chinese government data: semiconductor output fell nearly 15% YoY in Q1 2023; smartphone production fell 13.8%, as local brands like Oppo and Xiaomi struggled (Bloomberg)

Bloomberg:
Chinese government data: semiconductor output fell nearly 15% YoY in Q1 2023; smartphone production fell 13.8%, as local brands like Oppo and Xiaomi struggled  —  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.