It is ironic isn't it they want to throttle Chinese technology import but ending up buying more Chinese technical product.
If you read MSM sound like the death knell of Chinese export because lack of demand in the western countries and tariff but reality is something else
China cashes in on America's coronavirus lockdown
China's tech shipments surged 37% in the three months through June
’s
is getting a boost from soaring demand for tech products that make it easier and more efficient for Americans to work from home during the
pandemic, according to economists at one Wall Street bank.
Tech shipments from China soared 37% from a year earlier in the April-through-June quarter, contributing 2.4 percentage points to the country’s overall export growth of 2%, wrote William Deng and Tao Wang, Hong Kong-based economists at investment bank UBS.
“Export shipments of automatic data processing units and parts, which include computers, tablets, monitors and parts, have seen a significant upswing since April,” according to Deng and Wang, who said Korea and Taiwan are also seeing “significant acceleration.”
Purchases by the U.S. surged 7.8% even as the total volume of imports into the world's largest economy shrank 20%.
COVID-19, which originated in Wuhan, China, has infected more than 23.9 million people worldwide and killed 820,000, with the U.S. faring worse than any other country. Shelter-in-place orders aimed at slowing the spread of the virus have forced employees around the world to work from home, when possible.
Because the outbreak originated in China, production in the country, and elsewhere in North Asia, was able to resume sooner -- and capture market share despite facing tariffs imposed by President Trump during the trade war that led up to a partial agreement in January.
Tech demand could remain strong through the end of the year. A survey conducted in June by Singapore-based UBS analyst Alicia Chen found 44% of respondents plan to purchase a new PC in the next six months, up from 40% in February.
