China's Hi-tech Imports & Exports Experience Fast Growth

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Last updated at: (Beijing Time) Wednesday, May 21, 2003

China's Hi-tech Imports & Exports Experience Fast Growth

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China's hi-tech product imports and exports have registered strong growth for the first four months of the year, reaching 61.426 billion US dollars in total, a rise of 49.82 percent over the same period last year.

According to the statistics released by the Chinese Ministry of Commerce, hi-tech product imports were 33.507 billion US dollars and exports reached 27.919 billion US dollars, up 48.5 percent and 51.5 percent respectively over the corresponding period last year.

Growth of hi-tech imports and exports increased their share of all foreign trade, and accounted for 27.5 percent and 22.9 percent of the total volume, respectively.

Statistics showed that hi-tech product exports in April hit a record-high of 8.083 billion US dollars, up 56.65 percent.

Sources with the ministry said that China's exports of hi-tech products had risen by 35.22 percent annually since 1999 when a strategy of boosting foreign trade in science and technology was launched.

Hi-tech product exports have made increasingly important contributions to China's foreign trade and national economy.

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