EXECUTIVE SUMMARY
The growth of electronics equipment production in China has been widely
described as the
most fundamental shift in the world electronics industry. Moreover, China is the
main beneficiary of the 2001-2002 crisis as its share of the world electronics
production grew from 10% in 2000 to 18% in 2003 at an amazing rate of 15.4% per year over the period,
ensuring a solid business activity in difficult times for international players. This
development is actively supported by the Chinese government, whose objective is to make the
national electronics industry an independent and competitive activity, pulling the
development of thecountry.
As growth of the electronics industry in more developed countries is picking up
again, the question arises whether China is just a good business opportunity in difficult
times, or a growing permanent threat to the established industrial base in Europe, the USA
and elsewhere.
In reality the situation is more favourable. Chinas strong growth offers
long-term market opportunity for electronic OEMs worldwide. Developing production in China, both
for the local market and for worldwide sales, affords an opportunity for investors. This
should not be seen only as competition for production in other areas than China. Electronics
production continues to grow in the other regions of the world, although slower, following
the market. | 
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