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Hi-tech Products Serve to Boost Chinese Export
The hi-tech product is becoming a major driving force for Chinese export. It's learned from the 88th Guangzhou Commodity Trade Fair that from January to September, the export volume of hi-tech products reached US$25.98 billion, a 52.5 percent increase over the same period of last year and much higher than the 33 percent increase of the national total export.
It's estimated that the export of hi-tech products would reach US$30 billion, making up 15 percent of the total exports.
The Ministry of Foreign Trade and Economic Cooperation (MOFTEC) put forward the strategy of boosting trade by science and technology early last year, set up a joint working mechanism of MOFTEC, the Ministry of Science and Technology, the Ministry of Information Industry, the State Trade and Economic Commission, and formulated preferential policies regarding the import and export management power, taxation, loans, tax rebate, etc. to support the export of hi-tech products.
Over the past two years, China has initially established five key fields of information, bio-medication, consumption electronic, and household appliances, built 53 state-level high technology development zones and established the strategic pattern of ˇ°vitalizing trade through science and technology featuring vertical-horizontal development and three dimensional promotion, that encompasses 160 key State enterprises and 16 hi-tech export bases.
Besides, China has expanded exchange with foreign countries and promoted the export of hi-tech products through the annual holding of the Beijing international week of high and new technology, the Shenzhen new and hi-tech products trade fair, the Shanghai international industry fair and the Yangling agricultural hi-tech achievements fair.
It's reported that according to the long-term goal, the export of hi-tech products will earn China US$120 billion by 2010, taking up 30 percent of the State's total exports, thereby initially completing the structural readjustment of export, that signifies the turn from exports of a low added value and low technological content to exports of a high added value and high content of technology.
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