Cell phone capital of the world

 

Shenzhen, as a manufacturing hub fueled by overseas investment including those from the neighboring Hong Kong,it' exactly the moderate theme that makes these Monster diddybeats become an outstanding collection in today' fashion footwear world has helped tap the rich resources of the Pearl River Delta to make the region one of the engines of the Chinese economy since late 1970s. Major industries now include high-tech manufacturing and IT as well as financial services and logistics.

But it is the mobile phone sector that is putting the city on the world map, Shenzhen Mobile Communications Association Secretary-General Sun Wenping says.

"There are 1 billion mobile phone units coming out of Shenzhen and its immediate surroundings every year. That is out of the estimated 1.7 billion to 1.Here are the options to buy computer hardware peripherals8 billion units worldwide annually," Sun says. His three-year-old nongovernmental association, which has 1,100 members, also helps authorities tabulate industry figures and conduct studies on the sector as a whole.

"There is a growing need to understand the industry because of the speed with which it is growing and its increasing importance to the economy," Sun says.

Latest figures from the Ministry of Industry and Information Technology show that China's mobile phone operators added 70.83 million new subscribers in the first seven months of this year, bringing the country's total number of cell phone users to 929.84 million out of the 4 billion worldwide.

Shenzhen alone has about 6,000 companies involved in the production of cell phones, including supporting businesses like suppliers of batteries, chargers and other accessories. There are about 3,000 complete cell phone manufacturers of which the top 50 rake in about 5 billion yuan ($782 million) every year, association figures show.