Despite China’s lingering ‘developing country’ moniker, it is by no means a slouch when it comes to economic growth and consumer spending. China has maintained a roughly 8% economic growth rate year-over-year for much of the past decade and the once poor nation now finds itself sitting on vast reserves of cash from foreign trade.
Unlike other developed, western nations where notebooks have surpassed desktop sales, desktop PCs still makes up about 57% of all PC sales in China. However, this trend is also set to change as consumer tastes and buying power in China continues its upwardly mobile climb. According to the gurus at DisplaySearch, the notebook PC segment is the fastest growing category and should exceed desktop sales by 2015.
China currently accounts for almost 17% of global PC sales, but by 2017 that will increase to about 23% which will rival North America in terms of market share. Given the lackluster western economies, China is the one bright spot left in the global PC market.