HSBC published a note Friday taking an overarching look at the Asian electronics industry, focusing on who will be the winners and losers in the next phase of Chinese growth and investment.
The fact is so stunningly obvious that is almost embarrassing to write that China's electronics and component makers have enjoyed a meteoric rise since Asia's biggest economy joined the World Trade Organisation in 2001.
Two years later it was the world's largest electronics exporter in 2003; between 2001 and 2013 its global market share jumped from 6 to 28 per cent. China's southeastern neighbours have long fretted this will translate to an irrevocable erosion of their own electronics sectors as top-end firms shift production there.
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