News from ICCSZ: LightCounting, a US optical component market analyst, reported that the optical component and optical module industry has provided a classic case study for globalization over the past 20 years, showing how globalization has rapidly changed the market in less than two decades. This all began with China's entry to the World Trade Organization (WTO) in 2001, after which western suppliers began rapidly migrating optical component manufacturing to China. After the telecom bubble burst, demand for optical products fell sharply from 2001 to 2003.At that time, many suppliers faced the struggle of a trade-off between price and market. Moving products to China became the optimal choice for suppliers to reduce costs and maintain profits.As shown in the chart below, the sales of Chinese optical suppliers exceeded US$500 million by 2010. It then increased to US$3 billion by 2018, before slightly declining in 2019.
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