China's exports benefit people around the world

16:22, January 28, 2010      

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Workers at Ningbo Rifeng Electric Appliance Company have been working extra hours in recent days.

"We make all kinds of flashlights, headlights that are sold to Europe, America, Middle East and Africa. The demand for our products began to surge in late 2009, we have too many orders to manage," Zhu Changqing, the general manger of the company said.

Countless made-in-China products are shipped to the world, making contributions to improving people's lives. In 2009, China surpassed Germany to become the world's biggest exporter.

"The increase of China's exports is a win-win result, benefiting people around the world," analysts indicated.

Made-in-China makes life more enjoyable

U.S. journalist Sara and her family tried to live without China-made products. In her one-year experiment, she put much energy and time into looking for substitutes of China-made goods, which resulted in higher costs in daily life. "It is better to co-exist with Chinese products," Sara concluded at the end.

"China enables western countries, in particular the U.S. to enjoy services and commodities at low prices," said Yu Xiaohua, associate professor with Georg-August-Universität Göttingen, who believes China-made products help the masses maintain their life quality.

"Western countries rely on the cheap products from China to subsidize their low-income groups," Yu said. To some extent, Chinese products serve as a stabilizer of their society. This is more evident after the outbreak of the global financial crisis.

Yao Jian, spokesperson of China's Ministry of Commerce, stated: "China played a critical role in combating the financial crisis, by providing people in other counties with a large quantity of quality and less expensive daily necessities."

"Collaborative manufacture" profit sharing

Ordinary people are not the only group benefiting from China exports. Many multinational companies and foreign companies are also sharing the benefits of "China exports", as "made in China" is transforming to "made with China".

"The import and export volume of foreign-invested companies account for 60 percent of total volume in China," said Yu Xiaohua. "They earned remarkable profits from the transactions". Benefiting from China's manufacturing bases and population advantage has already become a significant strategy of multinational companies.

Swedish company Sandvic is one such example. Last September, Sandvic built its largest mining machine center in Shanghai which targets the global market. Foreign companies and individuals sales to application have all benefited from "China exports".

Boosting imports, more China opportunities

Experts say a huge amount of imports brought about by exports is worth paying attention too. "In the global market system, a country's ability to import is dependant on its ability to export. The increase of China's exports means new markets and opportunity," Mei Yuxin, a research fellow affiliated to the Ministry of Commerce said.

Prior to the accession to the WTO, the western media hyped up China's grabbing of ASEAN's export. The fact is China became the fastest growing export market of the ASEAN. "Without the tangible benefits, can the China-ASEAN FTA be realized so quickly?"

"Many countries' exports to China are better than to other counties." Yao Jian's statistics show, the EU's export dipped 30 percent in first half of 2009, but its export to China only declined 16 percent; the U.S. export dropped 22 percent by October, in contrast export to China declined 9 percent. In 2009, European and American exports to China fell by just half of the overall decline.

"This shows China's market is open and conducive. It reins in their decrease of exports. China's foreign trade is active and conducive to the global economy," Yao Jian concluded.

By People's Daily Online
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