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China will become the world's largest industrial base

o-leading o-leading.com 2018-04-19 10:34:16

From the perspective of regional development trends, the focus of the PCB industry is shifting to Asia. In 1998, the PCB industry was dominated by the United States, Japan, and Europe. The output value accounted for about 73.40% of the world's total. After 2000, this pattern changed significantly. Due to the gradual transfer of downstream industries and relatively low labor costs in Asia, Asia has attracted more and more PCB manufacturers.

However, due to the concentration of downstream industries and the relatively low labor cost of land, China has become the region with the strongest momentum of development. For the first time in 2003, China surpassed the United States to become the second largest PCB producer in the world. The proportion of output value has also increased from 8.54% in 2000 to 15.30%, which has nearly doubled. According to Prismark's estimation, China will replace Japan in 2008 to become the world's largest PCB production base.

The PCB industry in China continues to grow rapidly. In 2003, the output value of China's printed circuit boards was 5.0069 billion yuan, a year-on-year increase of 333%, and the output value surpassed the United States, which ranked second in the world for the first time. In 2004 and 2005, China's PCB output value still maintained a growth rate of more than 30%. It is estimated that it will reach 86.9 billion yuan in 2005, which is far higher than the growth rate of the global industry.

Imports and exports have also achieved rapid growth, but high-end products cannot be self-sufficient. After China’s PCB import and export volume exceeded US$6 billion for the first time in 2003, it exceeded US$8 billion in 2004, reaching US$8.89 billion, an increase of 47.43% over 2003. The import and export deficit in 2004 was about US$1.2 billion. In the import and export deficit, high-tech multilayer boards, HDI boards, and flexible boards account for a large proportion. 

Under the backdrop of the upgrading of demand for electronic products, the growth of the global PCB industry, and the transfer of industries to Asia, in 2004, the value of US$8.05 billion in PCB output realized in the Chinese mainland was driven by the investment of foreign companies, which played an important role in the maturity and development of the entire industry. Among domestic-funded enterprises and listed companies, Founder Zhuhai Multi-layer, Chaosheng Electronics, Shengyi Electronics Co., Ltd., Shengyi Electronics Co., Ltd., and Daxian Co., Ltd., which has equity participation in Dalian Pacific, also performed well.

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