China Real Estate

China's rise to economic glory over the past quarter century began from an array of manufacturers chuming out toys,bags,shoes,and other cheap commodities.Simple electronics figured into the mix early on,but were far behind the rest of the world in terms of intricacy and quality.But in the part decade,China's electronics industry and IT sector has boomed,to become the nation's largest industry,and the third largest in the world.

With cheap labor as its key initial attraction,a growing number of factories were set up in the late 1980's and early 1990's doing subcontracted assembly and OEM manufacturing for foreign markets. The cost advantage is still one of the primary factors driving such impressive growth. Labor costs in mainland China are about one sixth of those in Taiwan and one tenth of the US.

But the real growth potential lies in china's huge domestic market. In today's urban China, the latest household and personal technology is as widespread as in developed nations. China seems to have avoided entirely the problem of resisting change which is such a factor of more mature markets.

A 2006 report by Global Sources confirms the continuing trend in consumption growth and more advancing technology. China's consumer electronics industry sales were reported to total nearly US $80 billion in 2006, a figure expected to be US $ 100 billion by 2007.