The production and sales of China's battery industry maintained a high-speed growth in 2004. With the recovery of the world economy, the import and export of our battery products has increased, but the international competition in battery market has also become more intense.
China's demand for steel and steel products has grown at a fast pace in the past decade. In the next five years, both production and demand will continue to grow.
The Asia-Pacific enterprise telephony applications (ET apps) market (excluding Japan) is expected to enjoy very high growth at a CAGR (compound annual growth rate) of 33.7 percent from 2005 to 2012. ET apps, which are in the nascent stages of adoption, could account for over 30 percent of the total enterprise telephony market by 2012, from only 5.2 percent in 2005.
East Asia's rapid economic growth in gross domestic product (GDP) is expected to soften in 2007 to a still robust 4.4% from 4.9% this year, says a report released today by ADB.
China is the largest volume manufacturer of leather garments in the world, accounting for almost 65% of global leather garment exports. Stiff competition among suppliers, however, is resulting in consolidation of the industry.
China will this year for the first time spend more on research and development (R&D) than Japan and so become the world’s second highest investor in R&D after the United States, according to OECD projections based on recent trends.
Along with the trend of metropolis, urban area is expanding rapidly. Many boomtowns are emerging and under construction. This is expected to boost the demand of furniture decoration enormously. Wood furniture accounts for the majority of all furniture sold either in domestic market or in export products.
The Chinese passenger car market is experiencing strong competition. Besides prices, automakers are also competing on feature differentiation, as they find themselves under pressure to distinguish their products.
The Chinese surface mount technology (SMT) equipment market is a rapidly developing market and will continue to grow strongly mainly driven by demand from end-user sectors like telecom and computers. However, factors like declining prices of the SMT equipment are limiting the growth of the market.
