BEIJING: China will export more aviation, transportation and telecommunication technologies and products this year as global demand has changed and the country is enjoying an industrial upgrading boom, according to the Ministry of Commerce.
Zhi Luxun, deputy director-general of the department of foreign trade at the ministry, said eager to boost its export contents, China is transforming itself from a consumer goods producer to higher value added products manufacturer, maintaining robust growth amid the current world economic setting.
The growth of China’s rail transportation and aviation technologies, as well as machine tools and trains rose between 15 percent and 30 percent last year. The country’s telecommunication and power equipment has also entered the markets of more than 140 countries and regions, as well as mature markets including the European Union and the United States.
The Asian Development Bank said the proportion of China’s high-value added exports has surged from 9.4 percent in 2000 to 43.7 percent in 2014 of Asia’s total exports in the category.
Zhi said China’s fast-growing 4G telecom networks and the Made in China 2025 strategy will further lead to improvements in productivity and resource efficiency this year. Their potential benefits are even greater if they are extended to all stages of the value chain – suppliers, manufacturers and customers, as well as global markets.
