China's smartphone exports decline amid shrinking global demand, relocation of production

<p> China’s smartphone exports fell 6.4% in the January to October period from a year earlier.</p><ul><li>exported 642 million smartphones in the 10 months ended Oct. 31</li><li>exports +10% y/y to 81.1 million in October alone</li></ul><p>Data comes via China's General Administration of Customs in a report China state-owned media from Yicai Global, a financial news outlet. </p><p>The report cites:</p><ul><li>shrinking global demand</li><li>manufacturers relocating some production offshore, Vietnam and other regions</li></ul><p><a href="https://www.yicaiglobal.com/news/chinas-phone-exports-drop-64-in-first-10-months" target="_blank" rel="nofollow">Link here for more. </a></p>

This article was written by Eamonn Sheridan at www.forexlive.com.