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China's automobile export value registered at RMB442.7 billion ($60.42 billion), an increase of 104.4% year on year in the first eight months of 2023.
China's imports of lithography machines from the Netherlands were valued at $2.586 billion from January to July, up by 64.8% year-on-year and higher than ASML's sales forecast in China for the whole year.
Gerald Yin, the founder and chairman of AMEC said that 80 percent of restricted, imported parts at AMEC can be replaced domestically by the end of this year, with 100 percent replacement following in the second half next year.
"Chinese manufacturers are increasingly giving German manufacturers a run for their money in their home European Union market, especially in advanced industrial goods where Germany is a leader," reported Reuters on August 15.
China's automobile export value registered at RMB383.73 billion ($53.32 billion), an increase of 118.5% year on year in the first seven months;
China's semiconductor equipment imports from Japan during the first half of 2023 reached $4.83 billion, a year-on-year decrease of 13.2%. In June, the number was $804 million, down by 10.5% year on year but up by 41.6% month-on-month.
China's integrated circuits (IC) imports numbered 227.7 billion units and were valued at RMB1.12 trillion ($156.11 billion), down by 18.5% and 17.0%, respectivel.
China's IC exports dropped by 25% year-on-year in May, the 11th consecutive month of negative growth, showed recent data released by the General Administration of Customs of China (GACC).
China's integrated circuits (IC) imports registered a decrease of 19.6% to186.48 billion units in the first five months of 2023.
China's imports of semiconductors fell 21 percent to 146.8 billion units in the first four months of the year, experiencing a 26% decline in value to $105.6 billion.