Non-state-owned Sector Exports See Huge Rise in S. China Province

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Last updated at: (Beijing Time) Monday, February 10, 2003

Non-state-owned Sector Exports See Huge Rise in S. China Province

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Exports from the rapidly growing non-state-owned economic sector of south China's Guangdong Province reached 8.6 billion US dollars in 2002, a significant increase of 78 percent over the previous year.

Statistics released by the local customs office show that last year Guangdong exported a total of more than 118 billion US dollars worth of products, up 24 percent over the previous year. Exports from the non-state-owned sector contributed 3.9 percentage points to this growth.

Since the beginning of 2002, exports from the non-state-owned sector have maintained a steady growth, climbing from 400 million US dollars in January to 880 million US dollars in December.

In the meantime, the number of non-state-owned enterprises taking part in export also increased from 1,697 in 2001 to 3,054 in 2002.

Exports from these enterprises are dominated by technology-intensive mechanical and electronic products and supplemented by traditional labor-intensive ones, a pattern believed to be a greatimprovement from the past. Last year alone, export of hi-tech products by the non-state sector witnessed an increase of more than 68 percent.

Experts here believe that with trade barriers diminishing and equal treatment becoming a reality with entry into the WTO, the non-state-owned sector is expected to play a more dynamic role in the country's exports.

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