Wednesday, January 23, 2013

China Aims to Create Electronics Giants

From the article: "China's industry ministry on Tuesday set an aggressive goal of forging global giants in the electronics sector within the next two years through mergers and alliances, and reiterated a longstanding push for Chinese companies to explore overseas acquisitions.

China is pushing to consolidate its electronics industry in a bid to create the next tech giant. The WSJ's Paul Mozur tells us how far the country still has to go to compete with the likes of Apple and Samsung.

The target for the electronics sector is part of a wider plan to consolidate China's fragmented major industries, including steel, shipping, automobiles, cement and aluminum. Overcapacity in heavy industries has been blamed for amplifying a sharp slowdown in growth in the past two years." Read more