.JPG "Antari")
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.JPG "Matrin")
W E L C O M E
The outlook is still very bright for China. Real GDP growth is forecasted at 8% in 2010, led by strong expansion in investment spending and consumption. (Source: Economist Intelligence Unit, The Economist) China also has one of the fastest growing entertainment industries in the world. The global entertainment industry is expected to show an annual growth of 10% in the next four years and this growth will be driven by China (Source: http://www.researchandmarkets.com). This in turn drives home two conclusions:
A further stimulus to the Chinese Entertainment Industry is lowering of the investment threshold in the entertainment and cultural industry and allow more private and foreign interests to invest in state-owned media groups. A release by the State Council also mentioned that multimedia broadcasting, digital media, web and mobile TV service should be "actively promoted", together with investment advertising. (Source: Caijing.com.cn) In addition, China is determined to create a domestic LED industry to serve all of its lighting needs. The country currently uses 10–12% of its domestic energy for lighting, which equates to 300 bn kilowatt-hours of electricity every year. However, the Chinese government wants these figures to fall substantially by replacing conventional, inefficient forms of lighting with LEDs. To aid the development of a national LED industry, China is investing heavily in the technology. During the current five-year plan, which runs from 2006 to 2010, the country is ploughing RMB350 m (€36.7 m) into LEDs, through the Ministry of Science and Technology. That investment is starting to pay off. According to Wu Ling, director of the China Solid State Lighting Programme Office, LED sales have increased six-fold over the last five years, device efficacy is rocketing towards 100 lm/W and chips are serving a wide variety of applications. In terms of domestic market revenue, sales have risen from RMB10 m in 2003 to more than RMB65 m last year. LED applications accounted for the biggest slice in 2008 (RMB45 bn), with packaging and chip manufacture netting RMB18.5 bn and RMB1.9 bn, respectively. Source: Optics & Laser EuropeDon’t miss China’s No. 1 Event – PALM EXPO. Book your stand now by calling +65 6319 2668. | PALM EXPO 2009 Quotes | |
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Eddie Lee (right), Senior Sales Manager, Dah Chong Hong, Sole Distributor of Martin Audio in Mainland China, Hong Kong and Macau, highlighting that buyers were out in full-force at PALM EXPO 2009 despite the Global Slowdown | ||
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Franco Zaghini (centre), Vice President Sales, DTS, on the international reach of PALM EXPO show. | ||
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Freddie To (left), Director, d&b audiotechnik (China) Ltd, a loyal international exhibitor since 2002. |
