Huaqiangbei, home to the world’s biggest electronics wholesale market, is seeing a dramatic increase in the prices of memory chips and other storage products, which is expected to drive up the cost of consumer electronics goods such as smartphones, tablets and personal computers. The increase, especially for large-capacity models, has been “astounding”, as some memory chips had doubled in price, said Cai Zhaojie, a vendor who sells and builds personal computers for enterprises and professional...

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