Exports of Chinese electronic products slow last year
Updated: 2012-02-27 15:48
BEIJING - The export growth of China's electronic products slowed markedly last year to 11.9 percent, the Ministry of Industry and Information Technology (MIIT) announced Monday.
The total export value last year reached $661.2 billion, up 11.9 percent year-on-year. However, the growth rate was 17.4 percentage points lower than that of the previous year, the MIIT data showed.
The export value of electronic products accounted for nearly 35 percent of the nation's total export value in 2011, according to the data. Computers and cell phones were the top two categories of exported electronic products.
In 2011, computer and mobile phone exports increased by 11.1 percent and 34.3 percent, respectively, to $105.88 billion and $62.76 billion, the data showed.
Meanwhile, the MIIT also announced that the country's imports of electronic devices hit a new high of $468 billion last year, up 11 percent year-on-year. However, the growth rate saw a sharp decrease of 23 percentage points in comparison with that of 2010.
Electronics market faces shortages 2011-03-15 09:58
Electronics and IT sector continues to grow 2011-10-06 13:41
- Poly Real Estate to increase land bank
- China mulls new green production laws
- China may launch rate cuts in Q2: report
- Beijing-Benz: Five-fold surge in production
- The new software that's animating industries
- Worsening garbage crisis set to bring higher fees
- Geely to build cars in Egypt
- Home buyers jump in for fear of missing bottom