China's high-tech companies enjoy bumper exports

In 2005, 279 Chinese high-tech companies saw their annual export volume exceed 100 million U.S. dollars, the Ministry of Commerce said on Friday.

The total exports of these 279 companies reached 172.82 billion dollars, accounting for 79.2 percent of the country's total high-tech product export in 2005, the ministry said.

China now has one high-tech company whose annual export volume exceeds 10 billion dollars, four high-tech companies whose annual export exceeds 5 billion dollars and 38 companies whose annual export exceeds 1 billion dollars.

In 2004, no high-tech company witnessed its annual export volume exceed 10 billion dollars, only three high-tech companies witnessed annual exports of over 5 billion dollars and 30 companies exported over 1 billion dollars.

In 2005, the number of high-tech companies with an import volume above 100 million dollars and 1 billion dollars was 313 and 24 respectively, 45 and four more than those of 2004, the ministry said.

The total import of these 313 companies reached 136.47 billion dollars, accounting for 69 percent of the country's total high-tech product import in 2005.

Source: Xinhua