China’s electronics & IT industry maintains steady growth

September 14, 2005 – China’s electronics and information industry has maintained a trend of steady growth this year, according to the Ministry of Information and reported by Asia Pulse Businesswire. From January to July 2005, the electronics and information industry realized sales of 1526.49 billion yuan (US$188.6 billion), up 20.6% year on year; industrial-added value of 323.46 billion yuan, up 21.6% year on year; profits of 56.41 billion yuan, up 1.4%; and taxes of 16.29 billion yuan, up 1.1%.

The electronics and information industry has been a major boost to the economy. Its industrial output value in the January-July period accounted for 8.5% of the total generated by the economy and grew 5.3% higher.

Even though there is increasing sales revenue, the industry is still bothered by the problem of few increases in profits. The problem is serious, particularly in the sector of household audio and video products, electronic measuring instrument and electronics devices, which respectively witnessed an increase of 15%, 18.7% and 8.9% in sales revenue in January-July, 2005, but a negative growth of 2.4%, 20.4% and 63.7% in profits.


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.