It seems like in modern society we cannot go through life without electronic devices. Thanks to appliances, we have more time to ourselves, and carrying a smartphone is a necessity. China has moved smoothly from a low-cost sector and low technology to a value-added industry and high technology, becoming a global production base for electronics. Despite being a developing country, China export loads of devices such as mobile phones, notebook computers and electronic components. In 2017, the value of China’s electronics manufacturing services market reached around $300 billion, and in 2023, the value of it is supposed to break $500 billion. Do you want to import such goods from China? Check the current US import duty on electronics.
Xiaomi enters Singapore and considers other markets
Chinese smartphone manufacturer, Xiaomi, attracts attention again. .Its products are very popular on the Chinese internal market, but the company is willing to expand further to other places: Singapore is the first step in its way.