HP’s high hopes for China sales


29 November 2004 – Beijing (CHN): Hewlett-Packard (HP) has forecast double-digit growth for its Chinese revenues over the coming year to October 2005 thanks to robust demand in the country.

In order to broaden its reach in China, the tech giant has recently opened support offices in three more provinces. It now boasts 200 service shops, product presence in 1,700 retail outlets across the country and a network of resellers covering 100 cities.

Paul Chan, HP’s SVP of Asia Pacific and Japan told Reuters: "Growth prospects in China are still very good and we should be able to grow quite strongly – certainly double-digit growth rates, and that has been close to the 30 per cent mark in recent quarters."

He described demand for infrastructure solutions, information technology management services and business continuity solutions from Chinese companies as ‘remaining strong’.

But he said that HP may not try and compete in the low-end consumer market because of intense competition.