China has become the world's largest and fastest-growingintegrated chip (IC) market, experts said Wednesday at the ongoing IC China 2020 expo held in Shanghai.

周三，在上海举行的2020中国国际半导体博览会上，与会专家表示，目前中国已经成为全球规模最大、增速最快的集成电路市场。

China's IC industry has seen an average compound annual growth rate of more than 20 percent.

近年来，中国集成电路产业年均复合增长率超过20%。 

In 2019, the country's IC industry reached a size of more than 700 billion yuan ($103.1 billion), up by 15.8 percent year-on-year, said Yang Xudong, an official with the Ministry of Industry and Information Technology.

工业和信息化部官员杨旭东表示，2019年，我国集成电路产业规模超过7000亿元(1031亿美元)，同比增长15.8%。

Currently, the country accounts for nearly 50 percent of the global market share, Yang noted, adding that foreign-invested enterprises contribute more than 30 percent of IC sales revenue on the Chinese mainland.

杨旭东指出，目前，中国在全球市场份额中占比接近50%，外资企业对中国大陆集成电路市场销售收入的贡献超过30%。  

The semiconductor industry is a global industry, and no country is isolated from the entire industrial chain, the Chinese government has abided by its commitments to opening up and stabilizing foreign trade and investment, which has bolstered the confidence of foreign enterprises.

半导体产业是一个全球性行业，整个产业链缺一不可，中国政府遵守开放承诺，稳定对外贸易和投资，支持外国企业。 

Zhouzixue, chairman of the China Semiconductor Industry Association, said despite the COVID-19 pandemic, the rise in demand for online office, video conferencing, and online lectures brought new opportunities for the semiconductor industry.

中国半导体行业协会理事长周子学表示，尽管新冠肺炎疫情仍在蔓延，但线上办公、视频会议、网络授课等新兴应用需求的兴起，为半导体产业发展带来新机遇。

"In the future, China's semiconductor industry will continue to strengthen cooperation and communication with the global semiconductor industry, expand opening-up and share the fruits of global semiconductor industry development," Zhou said.

周子学说： “未来，中国半导体行业将不断加强与全球半导体产业的合作交流，扩大对外开放，共享全球半导体产业发展的成果。