Chinese point of sale market grew 20% in 2004

IHL is projecting that China’s accelerating 20% annual growth rate last year will catapult it in 2005 beyond the POS sales of Germany, which is Europe’s largest POS market. More than 75%of the installed base of POS devices in China are actually PC-on-Cash-Drawer devices. 92% of the POS population used 486 or higher processors at the end of 2004, mainly due to the relatively young age of the modern retail landscape in China.