China, the biggest Digital Video market in the world. 42% of Cube's 1997 sales were to Mainland China.....................................
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IT gears up for top slot; Electronics industry to grow fast
CHINA is to steer its electronics industry to a higher gear with the aim of pushing its IT sector onto the world's top five list.
Hu Qili, minister of the electronics industry, outlined as the goal that the IT industry should become the pillar industry to drive China's national economy and become the biggest industrial sector in early next century.
"Our electronics industry should grow to be among the world's top five by the year 2000," he said.
At present, China's electronics industry ranks seventh, following the United States, Japan, South Korea, Germany, Singapore and Britain, a source from the Ministry of the Electronics Industry (MEI) said.
Overall industrial output should hit 700 billion yuan (US$84.34 billion) by the year 2000, taking a share of 8 per cent of the country's whole industrial volume. Sales income should meet 600 billion yuan (US$72.29 billion) by then.
Hu mapped out the plan in his working report to the annual national electronics industry conference which opened last week in Zhaoqing, Guangdong Province.
Production and sales in China's electronics and information industries soared in 1997, Hu said.
Total output in the sector last year is expected to have reached 380 billion yuan (US$45.78 billion), up 24.9 per cent; sales income to have been 250 billion yuan (US$30.12 billion), up 15 per cent; pre-tax profits 18.5 billion yuan (US$2.23 billion), up 10.8 per cent; and exports US$25 billion, up 16.3 per cent.
The increase in output of domestic computers was 38.2 per cent; colour televisions, 14.6 per cent; and video compact disc (VCD) players, 300 per cent.
MEI statistics indicate that many Chinese-made electronic products now dominate the domestic market.
To date, 57 per cent of the colour TV market is claimed by Changhong, Konka, Panda and TCL. Domestic VCD players have 81 per cent of the market share.
Hu said the country's efforts to speed up applications of electronics technologies had lent a great boost to the booming sales of computer-related products, software and information service businesses.
Production of local PCs, dominated by Legend, Great Wall, Tontru and Founder, grew 38.2 per cent to take up to 60 per cent of the market share.
Programme-controlled switchboards made in China appeared on the international market last year while their role at home was even larger.
Last year also saw a series of mergers within the IT sector in China, with a number of big players becoming even more powerful.
The goal for 1998 is 460 billion yuan (US$55.42 billion) in terms of output and 300 billion yuan (US$36.14 billion) in sales income.
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Date: 01/21/98
Author: Wei Ke
Copyrightc by China Daily |
