(Japanese Site)
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| China to Emerge As World's Largest Electronics Market
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May 4, 1998 (CHANGSHA, China) -- China is expected to become the world's largest electronics and information
technology market in the next century.
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The production value of China's electronics and information industry is projected to reach RMB460 billion
(US$54 billion) this year, RMB1 trillion by 2000 and RMB6 trillion by 2010, according to a recent study.
In an effort to promote this key sector of the economy, China invests an average of RMB100 billion each year
to build large-capacity optical-fiber cable and satellite networks.
The industry has developed at an annual growth rate of 27 percent since 1990.
The production value of the country's electronics and information sector totaled RMB380 billion in 1997,
ranking seventh in the world, said He Xiuming, an expert on domestic consumption.
A total of 3.4 million personal computers were sold in China in 1997, an increase of 63 percent compared with
the previous year. Market surveys indicate that 10 percent of urban residents plan to buy their own PCs
within the next two years.
(Xinhua News Agency)
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