BEIJING, Oct. 24 (Xinhua) -- The processing trade volume of China's printing industry reached 84.2 billion yuan in 2017, providing printing and packaging services to more than 50 countries, according to a printing industry forum in Shanghai on Tuesday.
China witnessed rapid growth and upgrade in printing industry and possesses approximately 100,000 printing companies by 2017, nine times the number in 1979, said Liu Xiaokai, Director of Printing and Distribution Department of State Administration of Press, Publication, Radio, Film and Television on the forum.
China has also increased its investment in printing industry worldwide including Asia, Europe, the Americas and Africa.
In addition, China has maintained a strong purchasing power for high-end printing equipment for several consecutive years. In 2017, China’s imports of printing equipment reached 2.37 billion U.S. dollars, an increase of 16.5 percent from previous year.
Meanwhile, there were nearly 2,000 foreign-invested printing companies in China with a total investment of more than 40 billion U.S. dollars as of December 2017.
Manufacturers from Germany, Switzerland, Japan and other countries have built their factories in China or cooperated with the Chinese companies, among which Heidelberg, Komori, Hewlett-Packard, Martini and other companies have made good performances in China. (Edited by Wu Shuang, wushuang2018@xinhua.org)
A single purchase
