Sunday, February 20, 2005

China is No 1 mobile phone maker

From China is No 1 mobile phone maker

"China has become the world's largest mobile phone producer by churning out 240 million units in 2004 and the figure is expected to increase to over 500 million this year, a report said on Monday. Out of the total production, about 140 million units were exported, the highest number in the world."
"There will be 40 (!) more firms to start manufacturing mobile phones this year. The total annual production amount may exceed 500 million units. This is more than 80 per cent of the world's total consumption," Xiao Chang, a senior economist of China Information Industry Association, said."
"Between 1999 and 2004, foreign investors have injected about $3.6 billion into China. They have been establishing technology research centres for mobile telecommunications. Meanwhile, domestic firms have achieved substantial progress in both production and sales. Their market share is now above 50 per cent, the report said." Read more