Exports of China's hi-tech products have escalated since April
2002, with a year-to-year growth rate of volume exceeding 40
percent for 30 consecutive months, according to the Ministry of Commerce
(MOFCOM).
Volume of hi-tech exports reached US$112.95 billion in the
January to September period; up 54.3 percent on the previous year
and 19 percentage points higher than the average export volume. The
monthly export volume in September was US$31.41 billion, surpassing
US$30 billion for the first time.
The MOFCOM figures showed that hi-tech products accounted for
27.1 percent of China's total export volume in the first three
quarters, growing 2 percentage points since the end of 2003.
Prices for major hi-tech products saw a substantial increase,
with prices for auto-digital processing equipment and IDE
(integrated device electronics) both rising 22 percent.
About 41 percent of the exported hi-tech products were
manufactured in the Yangtze River delta region, including Shanghai,
Suzhou and Zhejiang.
The United States, Hong Kong and the European Union are the top
three target markets for China's hi-tech products.
(Xinhua News Agency October 25, 2004)