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BUSINESS & TECH

China TV Sales on the Fritz

By Sun Congying and Teng Jing Xuan
In the first half of 2017, 22.51 million units were shipped by TV-makers in China, down 10.8% from the previous year. Photo: Visual China
In the first half of 2017, 22.51 million units were shipped by TV-makers in China, down 10.8% from the previous year. Photo: Visual China

Sales of television sets in China have fallen to their lowest level in five years, while manufacturers’ profits have also plummeted, a senior Ministry of Industry and Information Technology (MIIT) official said at an industry conference.

In the first three quarters of 2017, TV sales fell 12.9% and profits across the industry were down 20.7%, Gao Sumei, a deputy bureau director at the MIIT, said at the 13th China International Display Conference on Monday.

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