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China Aims to Export More Large Machinery
China will make great efforts to increase the exports of large machinery in the coming five years, a senior trade official said Monday in Beijing.
Sun Zhenyu, vice-minister of Foreign Trade and Economic Cooperation, said at a seminar on the exports of heavy machinery that his ministry and seven other departments of the Chinese government have jointly proposed to boost the exports of such equipment.
China has raised its technical level and production capability of large machinery over the past 10 years and its competitiveness has been improved greatly, Sun said.
Currently, China's machinery used for electric power stations, telecommunications, construction materials, petrochemicals, textiles and metallurgy are quite popular in southeast Asia, Middle East, Africa, Latin America, Russia and East Europe.
Although China's technical level in design and manufacturing of machinery is lower than that in industrialized countries, China's machinery is economical and easy to use, and more suitable to developing countries, said the vice-minister.
The demand for large machinery is on the increase in the international market, he said.
From 1995 to June 2001, China exported a total of 1,200 pieces of large machinery worth some 70 billion U.S. dollars.
Exports of large machinery account for about 10 percent of the country's total exports of machinery and electronic products.
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