Exports of Chinese-branded DVD players to major markets in the U.S. and European Union have plummeted, and some 30 manufacturers have gone bankrupt due to "huge" patent fees charged by foreign companies, a report said.
Exports of DVD players with Chinese brands have suffered a severe decline this year, the China Chamber of Commerce for Import and Export of Machinery and Electronic Products said.
Exports to the EU by Skyworth, a local DVD player manufacturer, amounted to just 17,911 units in the first 5 months, a decrease of 95 percent from the same period of last year.
The company did not export a single unit to the booming U.S. market during January-May period, the China Daily reported.
Exports by another company, SVA, stood at a mere 16 units to the EU and three units to the U.S.
Changhong, China's home electronics giant, saw its exports to the EU fall 60 percent to 1,800 units in the first 5 months.
Statistics provided by customs authorities in Shanghai show the export of DVD players of domestic brands from Shanghai's port was 193,000 sets from January to May, 78.6-percent less than the same period last year.
According to Chen Xiang, secretary of the branch of the audio and video products of the Chamber, the patent fee charges, which weakened the products' export competitiveness and eroded their profit margin, led to the decrease. (PTI)
to Daily News