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Tallahassee, FL – The market for RFID technology in China is predicted to reach just under $1.1 billion this year, a 20 percent increase over its size in 2008, according to a report from the China RFID Alliance, the State Leading Group Office of Golden Card Project Coordination and CCW Research.

The report foresees a slowdown in the industry this year due to the global economic downturn, but predicts that the Chinese RFID market will continue to see consistent, gradual growth in the coming years due to the efforts of the government to encourage its expansion.

The RFID market in China was worth roughly $960 million in 2008, a year that saw considerable growth.

Read the full story at rfidnews.org.

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