Investment in the construction of semiconductor and LCD fabs targeted at the Chinese market is said to be overheating.
More and more LCD fabs have been planned for China as a result of a programme being promoted by the Chinese government, which aims to increase the use of home electrical appliances in local areas.
A system of subsidies began in February 2009, for the spreading in use of electrical appliances, such as refrigerators, colour TVs, washing machines, among farming families nationwide.
As a result of this, during January to June 2009, out of total sales amounting to RMB 16.229bn (about ¥227bn), 1.85 million colour TVs were sold, accounting for 13% of the total monetary figure.
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