- BEIJING, CHINA—With many of the world’s markets stagnating or contracting, any news of growth is bound to be welcome. Figures released recently by the World Bank suggest that it is the Far East, rather than the U.S. or Europe, that will lead the way in returning to growth—underlining the potential of Asia to act as the catalyst for a global rebound in AV industry activity.
- Most analysts predict that the Chinese economy will grow by between 6.5 percent and 8 percent in 2009.
- The organizers of InfoComm China 2009 expect that the event will become an essential platform for AV manufacturers to show China’s industries how they can use AV solutions to enhance their operations and productivity.
- “As China rebalances its economy towards domestic demand and consumption, local industries will have to find creative ways to become more competitive and engage with their customers,” commented Richard Tan, General Manager, InfoComm Asia.
- Tan added that the market for professional AV in China is forecast to reach US$5.7 billion in 2010, growing at 16 percent compound annual growth rate. China has also been forecast to overtake Japan as Asia’s largest market for professional AV products and services by then.
- InfoComm China 2009, which comprises a trade exhibition, an educational summit program, and site visits to AV installations, will be held at the new hall of the China National Agricultural Exhibition Center in Beijing from November 9-11, 2009.
