Electronic products
China’s export volume is expected to achieve a growth rate of around 15% in 2009 despite the impact of the financial crisis and global economic downturn, a trade expert with the Ministry of Commerce has said.
Mei Xinyu, an expert with the ministry’s Academy of International Trade and Economic Cooperation, said, ‘It is true that coastal provinces such as Guangdong have been facing much pressure as global demand for traditional commodities has weakened significantly.’
In China, the so-called ‘traditional commodities’ of export refer to garments, accessories, textile, shoes and furniture, among others. But China’s exports of electrical and electronic products has maintained a 20% growth rate this year.
Mei Xinyu said, ‘The electrical and electronic manufacturing industry, featuring advanced technology, holds the key to the development of the Chinese economy. As long as the exports of electrical and electronic products continue to grow, China’s export prospect won’t be too bad.’
Figures from the China General Administration of Customs (CGAC) show China’s exports of electrical and electronic products were worth $288.89 billion in the first 10 months, jumping 21% from the same period last year.
Source: China Daily