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E-mail China.org.cn, January 3, 2025
China Electronics:
We have recently noticed a significant increase in consumer spending on digital products, driven by the consumer goods trade-in policy. Could you provide an update on the current state of China's consumer electronics industry and your expectations for the industry's development this year? Thank you.
Zhao Zhiguo:
Thank you for your question. The electronic information manufacturing industry is characterized by large scale, rapid technological updates and having strong influence on the industrial chain. It is one of the most important industries that stabilize the growth of the industrial economy. This year, China's consumer electronics industry has performed well, primarily reflected in rapid production growth. From January to September, the added value of electronic information manufacturing industry above designated size increased by 12.8% year on year, 7 percentage points higher than the industrial growth in the same period. About 249 million microcomputers, 1.184 billion mobile phones and 150 million color TVs were produced, with year-on-year growth rates registered at 2.9%, 9.8% and 2.5%, respectively. Exports continued to rebound. According to customs statistics, in the first nine months, China exported 580 million mobile phones, 110 million laptop computers and 81.29 million TVs, a year-on-year increase of 3.5%, 0.7% and 8% respectively. Domestic brands have achieved growth in shipments in most markets around the world, with brand influence continuing to increase. The domestic market continues to recover and improve. By the end of September this year, China's smartphone shipments reached 206 million units. There is a strong demand for large-screen TVs ranging from 75 to 100 inches in the domestic market. With the support of trade-in policies, TV sales have increased significantly from the end of August to mid-October. Benefiting from technological upgrades, increasingly rich functions and user experience optimization, shipments of China's smart wearable devices have also maintained a steady growth.
From the perspective of development trends, as new technologies and new products continue to develop and be used, more users will be able to enjoy high-quality, advanced products. These include terminal products equipped with large-scale AI models, mobile phones with tri-fold screen, Mini-LED TVs and laser TVs.
Next, we will combine consumer goods trade-in policies as well as implement relevant policy documents such as the Guidelines on Accelerating the High-Quality Development of the Audio-Visual Electronics Industry and the Smart Health and Elderly Care Industry Development Action Plan (2021-2025), so as to accelerate the release of domestic market demand, actively explore international markets and continue to strengthen and expand China's consumer electronics industry. At the same time, we will continue to support the R&D and innovation of outstanding domestic consumer electronics companies, guide upstream and downstream enterprises in the industrial chain in enhancing their support capabilities for emerging hot technologies and continuously improve product supply levels. Thank you.
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