With the rapid development of China's information communications technology (ICT) sector, China has become the world's largest manufacturing centre for electronic products, including televisions, computers, handsets and DVD players. Subsequently, China's output of certain electronic components, especially commonly used and medium- and low-end electronic components is the highest in the world. Revenue for the Electric Component Manufacturing industry in China is set to grow 8.3% in 2013 to $177.0 billion, with average annual increases of 11.9% in the past five years.
Operations in the industry are mainly concentrated in East China and South China. Increasing levels of capital and labour are attracted to these regions due to them being favourable investment environments and receiving preferential treatment by governments. In addition, proximity to complementary and secondary manufacturing facilities and sectors, such as electrical equipment manufacturers, the automotive sector and construction machinery manufacturing industries, influence the location of establishments in this industry. The above industries and sectors are also highly concentrated in the East China and South China regions.
We believe that we have the background, knowledge and application to partner with you and help you grow strategically. Our teams of dedicated experts and consultants are on hand to advise and support your company. The services mentioned in this Newsletter are delivered through our Industrial Automation & Electronics Growth Partnership Services program, which can help your company reduce risk, capitalize on opportunities in the market, and achieve growth greater than the industry average.