Yes, Susan. Part of the reason is that just so many products are manufactured in China in massive volume. And that ratio is precisely where the crux of the issue is. The Chinese industry, investment community and government are hoping to change that dynamic.
Interesting...did anyone see this: "Despite the stellar growth, only a small portion of semiconductors consumed in China are actually produced there. ...Most of the ICs consumed in China are provided by semiconductor giants such as Intel, Samsung, TI, Freescale, and Qualcomm. Hence, the growth of China's semiconductor industry offered tremendous opportunities"