China's economy will grow at around eight percent annually from 2006 to 2010, predicted the Chinese government. In 2007, the Chinese security industry performed even better. There were almost 700 companies at a recent Chinese security show. Strong domestic demand is spurring advances.
First, the Safe City Project is being widely implemented in many major and secondary cities, and the 2008 Beijing Olympic Games and 2010 Shanghai World Expo are seeing security become a top priority. The endless stream of new commercial buildings, luxury villas and even intelligent communities is driving Chinese security manufacturers, especially the intercom industry, to churn out more and more products. Economies of scale are also giving Chinese companies a leg up in developing export markets.
On the corporate side, the number of mergers and acquisitions is increasing. In 2007, CSST, encompassing all its many subsidiaries, was listed on the New York Stock Market in October.
