Industry Analysis & Industry Trends
China is the largest production base for audio products in the world, and exports have been the main source of industry revenue for decades. Due to advantages of a cheap labor force and low processing costs, many foreign enterprises have moved their factories and production lines to China. With rising incomes and cheaper products on the market, domestic demand has been increasing steadily since 2006 and will become the major source of industry revenue in future years. During 2009, negative influences of a global financial crisis and an appreciation of the Chinese yuan resulted in industry revenue falling by 11.1%. However, as domestic enterprises began to slowly focus on producing high-end products, industry profit did not decline as a share of industry revenue.... purchase to read more
Industry Report - Industry Locations Chapter
Guangdong is expected to account for 65.4% of industry revenue in 2010, with Jiangsu, Tianjin and Fujian making up 8.2%, 5.2% and 4.7% of revenue, respectively. Guangdong is the largest production and processing base for audio equipment in China. During 2010, this region is expected to account for 65.1% and 73.2% of total industry enterprise and employment numbers, respectively. As the first area opened to foreign enterprises in 1978, Guangdong has a very well-developed electronic manufacturing presence. Well-known foreign enterprises that established factories in Guangdong include Panasonic, Samsung and Thomson. Over six of the top 10 industry enterprises are located in Guangdong... purchase to read more