This is in stark contrast to China's consumption patterns. Beijing had hoped to take advantage of stimulus measures over the past two years, so that the growth of domestic consumption to achieve a new look, but failed to do so.
Recently released data show that China's exports of machinery and electronic products last year, worth $ 933 billion, more than Germany.
According to Ministry of Commerce statistics, cars, ships and aircraft and other high proportion of value-added products from the occupied said in exports benefit increases. Chinese electric power, telecommunications and railway companies export is also growing.
China has more than a year ago in Germany, the world's largest exporter. But many people doubt it can long maintain this leading position.
Beijing-based fund manager Jingwei Li (sound) is responsible for tracking and export-related stocks, he said: At that time, China's advantages as from shoes to toys and other low-cost mass production of low-end products who, being coastal cities rising wages, Land and other costs to weaken.
Beijing also put large sums of stimulus money into various projects, such as home appliances, to adjust the economic balance, making it dependent on exports to domestic consumption from praise. However, export growth in recent months and the transfer rebound towards high value-added products indicates that in the next few years, exports are still likely to be the drivers of economic growth.
Singapore's OCBC Bank economist Damon Hsieh pointed out that Chinese enterprises are turning to the central and western development is also to help them control costs. He said: The low value-added production is now western shift forward, lower coastal areas, where wages and other costs are now turning high-tech manufacturing..
Chinese exports in overseas market share occupied even increasing. According to Standard Chartered Bank, in January of this year, exports made after several months of continuous record growth and rose by 38 percent, while China occupy the top share in Japan, the United States and Europe said imported goods and this proportion reached 17% in Ten years ago about 5%. This is the highest level of data collected since since 1999.
Standard Chartered economist Stephen Green said: In 2010 exports grew by 31.3%, the recovery of such unusual but it also means that although the Chinese talk about changing the growth mode, it is still dependent on exports, and as before the crisis..
In a report last week, Mr Green pointed out that last year, exports accounted for 42% of China's industrial added value growth, which is the highest level since 2006.
And all of this will continue. Yao Yang economics professor at Peking University in a recent research paper, wrote the next 10-15 years, China is likely to continue its rapid export-led growth, until it completes the transition to become industrialization and urbanization economies .
China in enhancing its export products are still a long way to go. Singapore's OCBC Bank Damon Hsieh said: China still needs some time to shift from the production of high value-added exports accounted for nearly half of its low-end processing.
However, soaring domestic consumption may take longer days inch between. Shaw charges of domestic GDP last year, China accounted for a further decline in the proportion fell to 37 percent, the lowest level since 2003. Began in the twelfth five year plan will focus on the upgrading of this ratio to nearly 60%.click to read more
Thursday, January 2, 2014
China into the world of high-tech factories
China into the world of high-tech factories
Singapore's Straits Times reported on March 2 Topic: China's export growth engine is still strong (Reporter Huang Enling from Beijing)
China last year for the first time to become the world's largest exporter of machinery and electronic products, which shattered all it is no longer the world's factory doubt. This time, it began to prove himself not only simple assembly sweatshops, or high-tech factories, prior to export value-added products to them.
This is in stark contrast to China's consumption patterns. Beijing had hoped to take advantage of stimulus measures over the past two years, so that the growth of domestic consumption to achieve a new look, but failed to do so.
Recently released data show that China's exports of machinery and electronic products last year, worth $ 933 billion, more than Germany.
According to Ministry of Commerce statistics, cars, ships and aircraft and other high proportion of value-added products from the occupied said in exports benefit increases. Chinese electric power, telecommunications and railway companies export is also growing.
China has more than a year ago in Germany, the world's largest exporter. But many people doubt it can long maintain this leading position.
Beijing-based fund manager Jingwei Li (sound) is responsible for tracking and export-related stocks, he said: At that time, China's advantages as from shoes to toys and other low-cost mass production of low-end products who, being coastal cities rising wages, Land and other costs to weaken.
Beijing also put large sums of stimulus money into various projects, such as home appliances, to adjust the economic balance, making it dependent on exports to domestic consumption from praise. However, export growth in recent months and the transfer rebound towards high value-added products indicates that in the next few years, exports are still likely to be the drivers of economic growth.
Singapore's OCBC Bank economist Damon Hsieh pointed out that Chinese enterprises are turning to the central and western development is also to help them control costs. He said: The low value-added production is now western shift forward, lower coastal areas, where wages and other costs are now turning high-tech manufacturing..
Chinese exports in overseas market share occupied even increasing. According to Standard Chartered Bank, in January of this year, exports made after several months of continuous record growth and rose by 38 percent, while China occupy the top share in Japan, the United States and Europe said imported goods and this proportion reached 17% in Ten years ago about 5%. This is the highest level of data collected since since 1999.
Standard Chartered economist Stephen Green said: In 2010 exports grew by 31.3%, the recovery of such unusual but it also means that although the Chinese talk about changing the growth mode, it is still dependent on exports, and as before the crisis..
In a report last week, Mr Green pointed out that last year, exports accounted for 42% of China's industrial added value growth, which is the highest level since 2006.
And all of this will continue. Yao Yang economics professor at Peking University in a recent research paper, wrote the next 10-15 years, China is likely to continue its rapid export-led growth, until it completes the transition to become industrialization and urbanization economies .
China in enhancing its export products are still a long way to go. Singapore's OCBC Bank Damon Hsieh said: China still needs some time to shift from the production of high value-added exports accounted for nearly half of its low-end processing.
However, soaring domestic consumption may take longer days inch between. Shaw charges of domestic GDP last year, China accounted for a further decline in the proportion fell to 37 percent, the lowest level since 2003. Began in the twelfth five year plan will focus on the upgrading of this ratio to nearly 60%.click to read more
This is in stark contrast to China's consumption patterns. Beijing had hoped to take advantage of stimulus measures over the past two years, so that the growth of domestic consumption to achieve a new look, but failed to do so.
Recently released data show that China's exports of machinery and electronic products last year, worth $ 933 billion, more than Germany.
According to Ministry of Commerce statistics, cars, ships and aircraft and other high proportion of value-added products from the occupied said in exports benefit increases. Chinese electric power, telecommunications and railway companies export is also growing.
China has more than a year ago in Germany, the world's largest exporter. But many people doubt it can long maintain this leading position.
Beijing-based fund manager Jingwei Li (sound) is responsible for tracking and export-related stocks, he said: At that time, China's advantages as from shoes to toys and other low-cost mass production of low-end products who, being coastal cities rising wages, Land and other costs to weaken.
Beijing also put large sums of stimulus money into various projects, such as home appliances, to adjust the economic balance, making it dependent on exports to domestic consumption from praise. However, export growth in recent months and the transfer rebound towards high value-added products indicates that in the next few years, exports are still likely to be the drivers of economic growth.
Singapore's OCBC Bank economist Damon Hsieh pointed out that Chinese enterprises are turning to the central and western development is also to help them control costs. He said: The low value-added production is now western shift forward, lower coastal areas, where wages and other costs are now turning high-tech manufacturing..
Chinese exports in overseas market share occupied even increasing. According to Standard Chartered Bank, in January of this year, exports made after several months of continuous record growth and rose by 38 percent, while China occupy the top share in Japan, the United States and Europe said imported goods and this proportion reached 17% in Ten years ago about 5%. This is the highest level of data collected since since 1999.
Standard Chartered economist Stephen Green said: In 2010 exports grew by 31.3%, the recovery of such unusual but it also means that although the Chinese talk about changing the growth mode, it is still dependent on exports, and as before the crisis..
In a report last week, Mr Green pointed out that last year, exports accounted for 42% of China's industrial added value growth, which is the highest level since 2006.
And all of this will continue. Yao Yang economics professor at Peking University in a recent research paper, wrote the next 10-15 years, China is likely to continue its rapid export-led growth, until it completes the transition to become industrialization and urbanization economies .
China in enhancing its export products are still a long way to go. Singapore's OCBC Bank Damon Hsieh said: China still needs some time to shift from the production of high value-added exports accounted for nearly half of its low-end processing.
However, soaring domestic consumption may take longer days inch between. Shaw charges of domestic GDP last year, China accounted for a further decline in the proportion fell to 37 percent, the lowest level since 2003. Began in the twelfth five year plan will focus on the upgrading of this ratio to nearly 60%.click to read more
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