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Electromechanical products have been China's largest export item for seven consecutive years.
Despite the present difficulties facing the world market, China's imports and exports of electrical and machinery products rose by 15 percent to 239 billion U.S. dollars last year. This accounts for 47 percent of China's total trade volume, said Chang Xiaocun, director of the Machinery and Electronic Import and Export Products under the Ministry of Foreign Trade and Economic Cooperation.
In the first quarter of this year, the import and export of
electromechanical products came to 60.4 billion U.S. dollars, an
increase of 14 percent.
Analyzing foreign trade characteristics, Chang said, the
commodity structure has been optimized. Tech-intensive products
made up 91 percent of all imports of electromechanical products
and the export of computers, telecom equipment, audiovisual
devices, air conditioners and microwave ovens climbed by a big
margin.
General trade exports of electromechanical products increased
by 14 percent while imports rose by 30 percent.
Exports to Russia have risen by 57 percent and to other new
markets such as Africa and Latin America increased by 22 percent
and 18 percent respectively.
(Xinhua News Agency April 16, 2002)
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