Information Technology News
- Foreign companies dominate China's exports of electronic information products
Date: 6-Sep-2007 Sources: (Xinhua Online)
BEIJING, Sept. 5 (Xinhua) -- Solely foreign-funded companies together with Sino-foreign joint ventures in China contributed 83.9 percent to the country's total exports of electronic information products in the first seven months this year, latest figures have shown.
Figures from the Ministry of Information Industry (MII) show solely foreign-funded firms contributed 67.4 percent with an export volume of 158.65 billion U.S. dollars, while the exports by Sino-foreign joint ventures totaled 38.88 billion U.S. dollars, or 16.5 percent of the country's total exports for the January-July period.
Domestic companies by contrast did exports totaling 37.79 billion U.S. dollars, or 16.1 percent of the total.
As one of the major manufacturers, China's electronic information products range from electronic components, DVDs, monitors and cellphones to laptops and telecommunications equipment, among others.
The sector registered 416.88 billion yuan in industrial output in the first half, up 17.5 percent year on year and raked in 1.92 trillion yuan in sales revenue, according to figures from the National Development and Reform Commission.
To sharpen the competitiveness of the industry, the government has designated integrated circuit, software and new type of electronic components as 'the fundamental core sectors', and new-generation telecommunication and high-performance computers asthe 'strategic growth sectors' for the 2006-2010 period.
But there is still a long way to go for these policies to be materialized as the MII figures show nearly 85 percent of the exports, or 199.15 billion U.S. dollars in value, in the first seven months remained low value-added.
The country's exports of electronic information products grew 25.9 percent year-on-year to 235.32 billion U.S. dollars in the first seven months this year, accounting for 36 percent of China's total exports of all products.
The imports rose 19.3 percent year-on-year to 182.09 billion U.S. dollars, taking up 35.2 percent of the country's total imports of all products.
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