Date:10/10/17
China will become the world's largest production base for display screens as early as 2019 as money flows into assembly lines, industrial associations have said.
Investment in assembly lines planned or under construction for producing display screens for TVs, computers, smartphones and other devices has reached 800 billion yuan (around 120 billion U.S. dollars).
LCD panels alone have received more than 500 billion yuan, according to data from the China Video Industry Association and the China Optics and Optoelectronics Manufacturers Association.
The associations expect the country will overtake the Republic of Korea (ROK) to have the largest production capacity globally.
In the first half of the year, the aggregate area of China's display shipments stood at 57 million square meters, a third of the world's total and second only to the ROK.
"The shipments will continue to improve with more production lines put into operation," said Yi Xianjing, a fellow with Beijing-based market research company All View Cloud.
China's display manufacturing has gained steam, with booming production and rising corporate profits. Domestic brands have also broken the dominance of imported high-end OLED panels.
China to be top display screen producer globally by 2019
China will become the world's largest production base for display screens as early as 2019 as money flows into assembly lines, industrial associations have said.Investment in assembly lines planned or under construction for producing display screens for TVs, computers, smartphones and other devices has reached 800 billion yuan (around 120 billion U.S. dollars).
LCD panels alone have received more than 500 billion yuan, according to data from the China Video Industry Association and the China Optics and Optoelectronics Manufacturers Association.
The associations expect the country will overtake the Republic of Korea (ROK) to have the largest production capacity globally.
In the first half of the year, the aggregate area of China's display shipments stood at 57 million square meters, a third of the world's total and second only to the ROK.
"The shipments will continue to improve with more production lines put into operation," said Yi Xianjing, a fellow with Beijing-based market research company All View Cloud.
China's display manufacturing has gained steam, with booming production and rising corporate profits. Domestic brands have also broken the dominance of imported high-end OLED panels.
Views: 344
©ictnews.az. All rights reserved.
Similar news
- Azerbaijani project to monitor disease via mobile phones
- Innovative educational system to be improved under presidential decree
- NTRC prolongs license of two TV and radio organizations for 6 years
- Azerbaijan establishes e-registry for medicines
- Azerbaijani museum introduces e-guide
- Nar Mobile opens “Nar Dunyasi” sales and service center in Siyazan city
- International conference on custom electronic services held in Baku
- OIC secretary general to attend COMSTECH meeting in Baku
- Azerbaijan develops earthquake warning system
- New law to regulate transition to digital broadcasting in Azerbaijan
- Azerbaijani State Social Protection Fund introduces electronic digital signature
- Intellectual traffic management system in Baku to be commissioned in December
- Tax Ministry of Azerbaijan started receiving video-addresses
- World Bank recommends Azerbaijan to speed up e-service introduction in real estate
- Azerbaijan to shift to electronic registration of real estate
