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Profit for electronics makers surges 58%

0 CommentsPrint E-mail Shanghai Daily, February 25, 2011
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The profit of China's electronics manufacturing industry surged an annual 58 percent in 2010 on huge output and improved technology used in TV sets, mobile phones and computers, the regulator said yesterday.

The output of LCD TVs, laptops, tablet computers and 3G phones expanded rapidly last year in China, the world's biggest handset, computer and TV production manufacturing base, said the Ministry of Industry and Information Technology.

In 2010, the output of China's electronics manufacturers grew 16.9 percent annually while their profit jumped 57.7 percent. Last year, China produced a total of 998 million handsets, 246 million computers and 118 million TVs to rank No. 1 globally in the three segments. The LCD (liquid crystal display) TV models accounted for 75.6 percent of TV production while 3G phone output grew 60 percent, according to the ministry.

The expansion was also seen in China's software and Internet industry, observers said.

China's e-commerce trade volume tripled in 2010 to 4.5 trillion yuan (US$681.8 billion), the ministry said.

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