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China's Exports Mix Markedly Optimized
China's hi-tech exports last year reached a worth of US$37 billion, 50 percent up, or 15 percent of the national, which means that China has markedly optimized its exports mix.
Foreign trade departments in China have focused on efforts for an improved mix of exports, raised proportion of hi-tech products in exports, and exports to be developed on an enlarged scale in the past 10 years.
In 1999, the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) put forward the strategy of "revitalizing trade through science and technology" in China and acting on this it had a series of measures adopted to promote export of hi-tech products and enhance the competitiveness of Chinese commodities abroad. These have contributed to an optimum mix of China's exports.
From a speedy growth of hi-tech industry there has been brought about an increased amount of hi-tech product exports having been developed. Taking e-information products leading the Chinese economy for example, it has registered a sales volume of US$580 billion, a growth of 34 percent, and US$55.1 billion of exports, rising 41 percent.
Although China has greatly developed its export of hi-tech products in recent years, as insiders pointed out, China's exports mix is still much behind that of developed countries. Raised proportion of hi-tech products, added value to be created by products and developing hi-tech industries are needed for a change of the country's status as a big trading nation to become a great power of foreign trade.
By PD Online Staff Member Deng Gang
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