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.