China’s largest TV maker, Sichuan Changhong Electric, warned its exports would drop 25% for 2003, after punitive import tariffs were imposed by the US on TVs made in China. The company said exports were forecast to fall to about RMB 4.97 billion (US$600 million) from RMB 6.46 billion (US$780 million) last year. Changhong blamed the 27% import tariff the US imposed on China-made sets.
China is the world’s largest TV manufacturer, producing 18.8 million units a year with a total value of RMB 17.71 billion (US$2.14 billion) last year.
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