Avnet strengthening mainland investment

Avnet Technology Solutions, a US technology solutions distributor, will strengthen its investment in China even as the company's profit decreases in developed markets due to the financial crisis.

"Mature markets, like the US and Europe, are severely hit by the financial crisis. The recovery there will be slower," said Phil Gallagher, global president of the company. "But there are some positive signs of growth in the emerging regions, including China, and it is definitely a country we will continue to invest in," he said.

KP Tang, the company's Asia Pacific president, said Avnet would not ignore the more mature markets, but its emphasis would be on the emerging markets, including China, for growth.