News Letter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 Search
 About China
- China at a glance
- Constitution
- CPC & state organs
- Chinese leadership
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 09:57, November 16, 2004
Consumer electronics to have huge market of 100 bln dollars in China by 2008
font size    

By 2008, China would have a huge market of 100 billion US dollars for consumer electronics, according to American market analyst International Data Corporation (IDC).

"China has entered a new age of consumer electronics," said Wilson Wan, vice president of IDC China, at a recent symposium on consumer electronics here in Beijing.

As its average gross domestic products (GDP) per capita has reached 1,000 US dollars, China would have more demand for high-end consumer electronic products, analyzed Wan.

The consumer electronic products Chinese people use have extended from telephone, television, personal computer to PDA (Personal Digital Assistant), digital TV, and digital family multimedia center. Following this trend, China's consumer electronics market would reach 100 billion US dollars by 2008, IDC predicted.

Another famous market analyst Global Sources also released a report earlier, saying that sales of consumer electronics in China would reach 49.6 billion US dollars this year. The figure would grow at 20 percent year-on-year to 94 billion US dollars by 2007, said Global Sources.

The report said sales of conventional electronic products have slowed down in China. Chinese manufacturers have turned to products with more advanced technology.

Laptop, as one kind of consumer electronic products, is in blowout growth in China. According to Wan, in 2003, the whole Asia-Pacific region has witnessed rapid growth of laptops, in which China is the largest market. The growth rate still keeps at 25 percent to 30 percent by now.

Besides, digital camera has also gained good momentum of development. Wan predicted the sales of digital cameras in China would post an average growth rate of above 30 percent from 2003 to 2008.


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- China Forum
- PD Newsletter
- People's Comment
- Most Popular
 Related News

Copyright by People's Daily Online, all rights reserved