Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

China Suffers Trade Deficit in Audio, Video Products
Jul 11, 2005
 Printable format
 Email this Article
 Search

China suffered a severe deficit in audio and video products trade in 2004, according to a source from a national forum on export of homemade audio and video products held recently.

Statistics released by the Ministry of Culture show that the average unit price of China's exported audio and video products was a mere 3.7 yuan (approx. U.S. $0.45) in 2004, no more than one tenth of the price of the audio and video products produced in Europe and America.

An official with the Ministry of Culture, who participated in the forum, said there were two bottleneck problems for the current audio and video product trade deficit. One was that domestic audio and video producers have been accustomed to excessively reducing prices for winning competition.

Another problem was that the copyright trade accounted for too small a proportion of the country's whole cultural products trade.

However, copyright trade took up a large proportion of cultural products trade in Western countries and brought huge economic profits to them.

Liu Yuzhu, director of Culture Market Department under the Ministry of Culture said the Chinese government will vigorously push forward copyright trade in future.

She also disclosed that the Ministry of Finance and the Ministry of Culture are planning to input 2 million yuan (approx. U.S. $240,000) to boost the country's export of audio and video products.

Relevant departments will enact some new regulations on audio and video products exports in a bid to avoid malignant price competition and rectify audio and video product exports. (XIC)

Back to Daily News

 

Daily News

...........................................................

Jul 31, 2014: LG Home Appliance, LG Air Conditioning See Lower Quarterly Sales

Jul 31, 2014: AHAM Canada New Chair is Doell of Samsung Electronics Canada

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows