Computer, Home Appliance Profits Up 600%, 500% Respectively

Posted by Bill Belew on September 12th, 2007 in Doing Business in China | No Comments

In the first half of this year, China's computer sector gained $15.1 billion in business takings…14% more than last year.

The home electrical appliances sector raked in more than $30 billion, up 12%.

As a result….computer enterprises nationwide saw profits rise 600% and home appliances enterprises go up 513%.

Gee…where should you invest your money?

New technologies and new users were responsible for the growth.china.retail.sales.jpg

So far this year, China's top 100 leading electronics and IT enterprises have sold 12.76 million computers at home, up 112% and exported 103,000, up 103%.

Telecommunications enterprises nationwide raked in around $12 billion, up 21% and $700 million in profits also up 71%.

Gee…and where should you invest your money?

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