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Home >> Business
UPDATED: 11:00, October 30, 2005
China edges into world's high-tech bases
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China's fast growing high-tech sector which accounted for 4.85 percent of the gross domestic product last year has edged into the forefront of high-tech products manufacturing worldwide, said a senior industry regulator over the weekend.

"China has become a major high-tech products supplier in the world," Xu Qin, head of the High-tech Industry Department of the State Development and Reform Commission, said in Changsha at a national working conference on the sector.

According to Xu, China's high-tech sector generated a value-added output of 574 billion yuan (70.8 billion US dollars) between January and September this year, a year-on-year growth of 19 percent. The sector's export increased by 33 percent from the year-earlier level to 150 billion US dollars in the same period.

The official predicted the sector's sales income to exceed 3.3 trillion yuan (406.9 billion US dollars) for the whole year and the value-added output to reach 780 billion yuan (96.2 billion US dollars), compared with 2.7 trillion yuan (332.9 billion US dollars) and 660 billion yuan (81.4 billion US dollars) last year, respectively.

In the 2001-2005 period, China's high-tech sector posted an average annual growth of 30 percent and 20 percent, respectively, in sales income and value-added output.

An integrated regime of high-tech manufacturing has taken shape on the Chinese mainland, Xu said, with electronics production taking the lead and biological and aviation and space business growing rapidly.

It is reported that China ranked first in the world in terms of the production of cell phones, programmed switches, personal computers, monitors, color TV sets and laser disc players.

With manufacturers mainly distributing over the Pearl River and Yangtze River deltas and the areas around the Bohai Rim, the high-tech sector has become a major driving force for China's export. Last year, the sector sold abroad 165.5 billion US dollars worth of products, accounting for more than 25 percent of the nation's total export which made it the largest exporter by industry.

Source: Xinhua


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