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Last updated at: (Beijing Time) Thursday, December 27, 2001

China Aims to Increase High-tech Exports

The Ministry of Foreign Trade and Economic Cooperation Wednesday said it aims to increase exports of high-technology products by 15 per cent next year.

In addition, the ministry said it will regulate imports according to domestic laws and World Trade Organization rules as well as seek co-operation with other countries and regions.


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To increase high-tech exports

The Ministry of Foreign Trade and Economic Cooperation (MOFTEC) Wednesday said it aims to increase exports of high-technology products by 15 per cent next year.

An unnamed senior official said the ministry would try to help Chinese companies tap the global market next year despite the gloomy world economic outlook.

The official said: "We will try to maintain the present volume of foreign trade next year and increase exports as much as we can.''

The official said China aims to increase its imports and exports of machinery and electronic products by 10 per cent year on year.

China will continue to implement and improve its present pro-export policies and devise new ones, he said.

While exporting as much as they can to traditional markets such as the United States and Europe, Chinese companies should try to explore new markets such as Asia and Africa to diversify their markets, he added.

To regulate imports

The ministry said it will regulate imports according to domestic laws and World Trade Organization rules.

It intends to publish a new directory early next year on the industries that it will encourage foreign companies to enter.

Foreign investment is especially welcome in high-tech industries such as electronic information, biological engineering, the development of new materials and space flight; infrastructure industries such as petrochemicals, chemicals and construction materials and the construction of infrastructure facilities such as ports, piers and motorways.

Foreign companies are encouraged to set up regional headquarters in Beijing, Shanghai and Guangzhou and establish research and development centres in China.

The ministry vowed to simplify examination and approval procedures and improve efficiency to attract foreign investment, in addition to preferential taxation policies.

As China prepares to open up its service industry now that the country is a WTO member, the ministry is carrying out research for laws regulating foreign investments in banking, insurance, tourism, foreign trade, construction, engineering design, accounting, education, distribution, civil aviation and telecommunications.

To seek co-operation with other countries and regions

Chinese companies are encouraged to collaborate with developing countries in tapping such local resources as oil, natural gas, minerals, forests and fish.

They are also urged to set up processing and assembly plants in Russia, Africa, Central Asia, the Middle East, eastern Europe and South America.

The ministry said it is researching policies on insurance and underwriting for Chinese companies investing abroad as well as on venture capital for the exploration of overseas resources.

China has clarified laws and regulations relating to foreign trade and economic co-operation and is establishing a standard system of anti-dumping, anti-subsidy and protective measures so that the trading system is fair and orderly.

The Chinese mainland is also actively seeking co-operation with the Association of Southeast Asian Nations, the Asia-Pacific Economic Co-operation forum, neighbouring countries, and the Hong Kong and Macao special administrative regions.



Mechanic & Electronic Products I/E Administration


  • Supplementary Notice on Strengthening Management on Imported Old Mechanical and Electrical Products

  • Notice on Strengthening Management of Old Electromechanical Products Import

  • Notice on the State Council Transmitting the Opinions of Further Enlarging Export of Electromechanical Products in the Period of "the Ninth Five-Year Plan" Set by NETC and Other Departments

  • Notice on Import Registration of Mechanical and Electrical Products

  • The Implementing Regulations on Import Management of Special Products

    Statistic Data


  • The Information on import & export Statistcs(2001.10)

  • The Information on import & export Statistcs(2001.9)
  • The composition of China's Import & Export Commodities(2001.9)

  • The Information on import & export Statistcs(2001.8)
  • The composition of China's Import & Export Commodities(2001.8)

  • The Information on import & export Statistcs(2001.7)
  • The composition of China's Import & Export Commodities(2001.7)

    Click here to see further information from MOFTEC
    		    Advanced

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