229 mln mobile phones sold in China in 2007

Mobile handset shipments from manufacturers headquartered in China grew dramatically in 2007, reaching 229 mln units for the year, representing a 76.2% annual growth rate from 130 mln in 2006. However, this rate of growth will slow considerably in 2008, dropping to about 19.7% to reach 274 mln units, according to iSuppli Corp. In 2007, the domestic Chinese handset market totaled about 200 million units-consisting of 150 mln licensed handset units and about 50 mln gray-market handsets.