(Business Daily Update via NewsEdge) Tektronix expects sales from China to rise by more than 10% this year, almost double its global revenue growth. The company says China is now one of its fastest growing markets, becoming Tektronix's third largest market, with the momentum expected to continue in the coming years. Last year, China accounted for almost 10% of the company's $1.1-billion sales.
The proliferation of 3G and the advent of mobile TV will drive sales for Tektronix in China in the coming years. It has joined forces with authorities in China to develop technology standards such as the homegrown 3G TD-SCDMA. The company is betting on the strategy to give it an edge over competitors.