 |
|
| Chinese hi－tech exports up but profitability remains low |
| CCTV.COM 2003-07-22 09:07:52 |
|
China's hi－tech exports increased by more than 50 percent in the first half of this year over the same period last year. However, experts caution against over－optimism, as the high volume increase was not accompanied by high profitability.
Statistics show the total export value of Chinese hi－tech products at over 44 billion US dollars, 21 percent above the increase level of Chinese exports in total. Yet nearly 90 percent of the hi－tech exports were from the processing trade, valued at about 39.4 billion US dollars.
Much of the profit goes to the many overseas－invested enterprises which are attracted by the low labor costs, and have relocated their production and processing bases to China since the country became a WTO member.
Economists say the rapid growth also exposes the weakness of China's hi－tech export structure, calling for more efforts on the research and development of core technologies.
|
|
Editor: Yang Feiyang CCTV.com
|
|
|
|
|
|
|
