Latest News:  
Beijing   Sunny/Cloudy    13 / 1 ℃  City Forecast


China has over 10 bln USD tech trade deficit


08:45, December 07, 2012

BEIJING, Dec. 6 (Xinhua) -- Despite fast growth in technology exports, China's technology trade is still seeing an average annual deficit of more than 10 billion U.S. dollars, a commerce official said here Thursday.

Zhou Liujun, an official with the Ministry of Commerce, said at a press conference that China's technology trade has seen rapid development since the country's reform and opening-up more than 30 years ago, but imbalance remains in the sector.

China's technology trade volume jumped from 22.61 billion U.S. dollars in 2006 to 53.56 billion U.S. dollars in 2011, said Zhou. In 2011, China imported 12,202 technology contracts worth 32.16 billion U.S. dollars, up 8.43 percent and 25.5 percent year on year, respectively.

More than 70 percent of China's technology import volume comes from developed countries and regions like the United States and the European Union, while exports to the U.S., Japan and China's Hong Kong account for more than 50 percent of the country's technology export volume, according to Zhou.

Chinese technology exporters and importers are mainly located in the country's eastern coastal regions, he added.

Recommended Features:
Vibrant Opportunities amid Transition From 'Made in China' to 'Created in China' A Journey to Cultural Renaissance
The Vision of A Pillar Industry [Video]A 'Made in China' Story A Splendorous Landscape of China's Wealth
A Decade of Fastest Development Eastern Boom Lightens Western Gloom Chinese firms 'potential Trojan horses'?


Leave your comment0 comments

  1. Name


Selections for you

  1. PLA Air Force in air combat training

  2. Destroyer flotilla in confrontation assessment

  3. Selected Reuters pictures of the year 2012 (II)

  4. Photos: China in 1942, a real history

  5. 'Devil' foreign instructors

  6. E-commerce, a bright spot in China

  7. New Chinatown in Costa Rica opens

  8. Top beaches on Costa Rica’s Pacific coast

Most Popular


  1. China on course for stable growth: JP Morgan
  2. School needs be responsible for teachers' behaviors
  3. Big burden seen in 'irrational' property tax
  4. Confidence rises for China-Africa co-operation
  5. What has 'Taobao Culture' brought us?
  6. Telecommuters challenge workplace norms
  7. Old school ties, business opportunities?
  8. Museums should not end up as 'vanity projects'
  9. Miss World: charity is more of care and love
  10. Economy stabilizing, but facing severe challenges

What’s happening in China

'Devil' foreign instructors at Chinese bodyguard training camp

  1. Wuhan launches probe into taxis
  2. Beijing set to welcome visa-free visitors
  3. Int'l Volunteer Day marked in China
  4. Good luck getting married on propitious day
  5. China slips down on corruption perception ranking