In recent times Chinese electronic products industry has been dynamic in contributing in international trades as well. All china wholesale electronic goods feature good quality that is far better in comparison to other electronic products available in international market.
The recent studies of the technological capability of the China electronics industry also states that the China is likely to equal South Korea, Taiwan, and even Japan as a major Asian force in the world electronic consumer goods industry in twenty-first century. Besides this, amongst the E7 developing countries, China is ranked as the most eye-catching consumer electronics market from investment point of view. Moreover, its consumer electronics market has increased at a CAGR of 11.71% during 2002-2006 and is further anticipated boosting at a CAGR of 12% during the forecasted period (2007-2011).
The electronic items made in China products are exported in huge amount all over the world, especially in countries like United States of America, different European countries and all other parts of Asia. In fact the way the demand for the Chinese electronic products are increasing day by day, it seems that China is already on the way to become the leading exporter of electronic products in international market.
China has now been tagged as the world’s factory as they produce almost all types of electronic products at extremely lower cost than anywhere else in the world. The major highlight of Chinese electronic industry is that almost everything is in low cost, starting from low human resources cost to a low corporate tax burden. This in turn helps every leading production centers in China employ cheap labor and still produce superb quality products.
Apart from all this, on the consumption front, the constant declining cost of consumer electronics together with increasing disposable income are playing important role in attracting consumers select Chinese electronics products. Moreover, looking at the present scenario, China’s youth are spending freely on Chinese made consumer digital products and the trend will continue to rise with the growing middle class. They are creating a multi-billion dollar market for electronic products and services. These few factors certainly indicate a booming future for the consumer electronics industry in China.