China Turns Into TV Powerhouse

[dArKeR]

Only two decades ago, it was a small electronics workshop in a warehouse. Now, it's an industry powerhouse poised to displace Sony Corp. as the world's No. 1 television maker.

The growth of TCL is a homegrown success story of modern China, where manufacturers are elbowing leading Japanese electronics giants aside.

Just as Sony and Panasonic once edged out top American brands, Chinese brand names like TCL, Haier, Konka and Midea are positioning themselves for a broader push into world markets. While they still sound unfamiliar to Western consumers, they've already gained a foothold in Asia.

Now, they're positioning themselves for a broader push into world markets.

http://www.cbsnews.com/stories/2003/11/10/world/main582783.shtml

The sleeping giant