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People's Daily Online>>China Business

Competitiveness on the decline

(Shanghai Daily)

09:00, December 13, 2011

China's industrial competitiveness showed signs of decline this year, with higher-tech industries suffering more than those at the lower end, the Chinese Academy of Social Sciences said yesterday.

Whether China can rebound in 2012 depends on economic conditions in developed countries and the pressure on China's exchange rate, said Zhang Qizi, a researcher at the academy's Institute of Industrial Economics.

Industrial competitiveness in the academy's report involves non-financial sectors dedicated to global trade.

The global slump will put great pressure on exports and as protectionism against Chinese products is on the rise, global trade is unlikely to grow much, he said. "Although China's overall industrial competitiveness remained strong, it showed signs of decline. Some industries hit a bottleneck when they tried to become more value-added, and some others were hurt by the world economic turmoil."

The report said China's overall industrial competitiveness was still ranked top in the world, ahead of Germany, the United States and Japan. But an unsettling feature was that most of China's competitive industries were lower-end sectors such as textiles and clothing.

Higher-tech sectors such as communications, biosciences, automobiles and new energy reported weaker competitiveness this year because of insufficient input in research and development.

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