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Hi-tech products exports soar for 30 months
(Xinhua)
Updated: 2004-10-25 09:33 Exports of China's hi-tech
products have been soaring since April 2002, with a year-to-year growth rate
exceeding 40 percent for 30 consecutive months through September, according to
the Ministry of Commerce (MOC).
Export volume of hi-tech products reached 112.95 billion US dollars in the
Jan.- Sept. period, up 54.3 percent year on year and 19 percentage points higher
than the average export volume. The monthly export volume in September was 31.41
billion US dollars, surpassing 30 billion US dollars for the first time.
The MOC figures showed that export volume of hi-tech products accounted for
27.1 percent of China's total export volume in the first three quarters, growing
2 percentage points over the end of 2003.
Prices for major hi-tech products saw a substantial increase, with prices for
auto-digital processing equipment and IDE (integrated device electronics) both
rising 22 percent.
About 41 percent of the exported hi-tech products were manufactured in the
Yangtze Rive delta regions, including Shanghaiand Suzhou and Zhejiang provinces.
The United States, Hong Kong and the European Union are the top three target
markets of China'shi-tech products.
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