China to be world's top display screen producer by 2019

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From as early as 2019, China will become the world's largest production base for display screens, according to the latest statistics from the China Video Industry Association (CVIA) and the China Optics and Optoelectronics Manufacturers Association (COEMA).

The CVIA and COEMA said that, so far, investment in assembly lines for producing display screens that are either planned or under construction has reached 800 billion yuan (around 120 billion US dollars) in China. LCD panels alone have received more than 500 billion yuan (around 75 billion US dollars).

Flexible super thin OLED display /Android Authority Photo

China's display manufacturing has gained steam, leading to booming production and rising corporate profits. At the same time, domestic brands have also broken the dominance of imported high-end OLED panels.

According to Yi Xianjing, research and development leader of Beijing-based market research company All View Cloud, China is expected to overtake South Korea and have the largest production capacity in the world.

China's display manufacturing has gained steam, with booming production and rising corporate profits./Bloomberg Photo

"The shipments of displays in China will continue to improve, especially when more production lines have been put into operation in the fourth quarter," said Yi.

In the first half of this year, China's display shipments made up a third of all shipments worldwide, which is second only to South Korea.

Source(s): Xinhua News Agency