China to export $150b hi-tech products

China expects to export high-tech products worth 150 billion US dollars this year, said Vice-Minister of Commerce Wei Jianguo Tuesday.

Wei told a press conference that in the first quarter of this year that China's export of high-tech products rise 67.5 percent over the same period last year to 33.1 billion US dollars.

In March the export topped 12.82 billion US dollars, a year-on-year rise of 74.3 percent.

"The situation is and will be favorable this year," Wei said.

Last year, high-tech products contributed 110.4 billion US dollars, or one fourth, to the country's total export volume, replacing textile as the second largest category of exports.

Source: Xinhua