China’s smartphone shipments slumped 23% in Jan-Aug • TechCrunch

Smartphone shipment is often seen as the bellwether of China’s consumer spending, and right now, the picture isn’t very rosy.

The world’s largest market for smartphones shipped 175.1 million handsets between January and August, marking a sharp 22.9% decline year-over-year, according to research from a state-backed institution. In August alone, shipments dropped…

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