The nature of China's exports is changing rapidly according to several new reports. Overseas sales of low-end goods are stagnating, often due to already high market penetration, while exports of telecoms equipment, auto parts software and ships have grown between 30% and 150%, the Financial Times reported, quoting a Deutsche Bank report. The change means China is moving up the economic ladder and competing in more demanding industries where not long ago it was a small player. The change is being driven by a number of factors, the newspaper said, including rising wages, increased policy support and a growing private sector.
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