Economy
Long way ahead for quasi-top exporter China
(Xinhua)
Updated: 2010-01-10 19:45
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 Containers pile up at a pier in Fangchenggang city, south China's Guangxi Zhuang autonomous region, December 24, 2009. [Photo/Xinhua] |
BEIJING: China will probably overtake Germany to become the world's largest exporter though its exports in 2009 had fallen 13.9 percent from a year earlier, according to figures released on Sunday by the General Administration of Customs (GAC).
But Chinese experts and officials said the country was far from being a real trade power if measured by exports structure, technological innovation and industry competitiveness.
GAC figures showed China's monthly exports in December 2009 were worth US$130.7 billion, up 17.7 percent from a year earlier. It was the first rise since November 2008, when the country's exports contracted 2.2 percent year on year after sluggish overseas demand crippled China's export engine.
Germany, which had been since 2002 holding the title as the world's largest exporter, didn't unveil its export value in 2009 yet.
But BGA, the Federation of German Wholesale and Foreign Trade, had forecast that Germany's exports in 2009 might fall 18 percent to 816 billion euros (US$1.18 trillion).
"The prospect that China will overtake Germany to become top global exporter only means that China has indeed become a large trading country in terms of exporting scale," said Zhao Jinping, a researcher with the Development Research Center of the State Council (cabinet).
"But in terms of the structure of exports, technological innovation and industry competitiveness, China is far from being eligible for the title of 'trade power'," he said.
According to Zhao, China's exports had changed from labor-intensive products in the 1990s to current technology-intensive products, and electrical and electronic products as well as high-tech products have become a most important part of China's exports.
But China's technology-intensive exports fell in the category of processing and assembling trade. About 83 percent of its high-tech exports and 75 percent of electronic exports were made by foreign-funded enterprises, Zhao said.
He said German enterprises put more emphasis on technology, branding, quality and services, which generated higher added-value.
Zhao said a full recovery of China's trade might take another several years. China should promote exports of high value-added products through branding and technological innovation, he added.
