- Robust growth within the electronics manufacturing sectors
China's electronics information industry saw robust first-half expansion with most economic indictors up although the profit margin for IT manufacturing was under pressure.
Revenue for the sector rose 28.9 percent over a year ago in the first half to 1.89 trillion yuan (US$236 million). About 1.73 trillion yuan were from the manufacturing segment and the rest were contributed by software sales.
IT manufacturing's sales growth rate of 29 percent was 3.2 percentage points higher than the country's average level for industrial companies in the first six months. The electronic components segment, which posted nearly 50 percent profit growth during the period, has changed the IT manufacturing.
Companies are selling more high-end products such as liquefied crystal display monitors, notebook computers and digital cameras.
- Growing Exporting Needs
China probably will surpass the US as the world's largest exporter of manufactured goods this year, propelled by its embrace of advanced technology, a study by a US industry group says. In 2001 China exported half the amount of factory goods the US did. Since then, Chinese exports of those goods -- including auto parts, toys and semiconductors -- have grown by more than 25 percent a year to $713 billion in 2005. China is increasingly competing with the US in such areas as information technology, aerospace, biotechnology and electronics. The US, with a trade surplus of $29.7 billion in those products in 1998, ran a $44.4 billion deficit in 2005. |
