Electronic exports show strong growth
September 30, 2010 Category Uncategorized
China’s electronic exports jumped an annual 37.3% in the first seven months of this year. Exports of personal computers, still the major contributor to total electronic exports in the period, may slow because of a decrease in demand for the rest of this year. The reduced demand will influence the business of electronic manufacturers like Quanta Computer and Foxconn Technology Group. Worldwide computer sales are expected to expand 12% in 2011 compared with 18% this year, according to Taipei-based Capital Securities Corp. China’s PC exports surged 55.7% from the same period a year ago to USD50.8 billion. From January to July, the value of China’s electronic exports was USD313.5 billion, 36.9% of the national total export value. Component and material exports grew rapidly. In the seven-month period, electronic component exports jumped 67.1% to USD35.7 billion. Exports of electronic materials hit USD3.1 billion, an annual 67% growth. The top three export contributors were PCs, mobile phones and integrated circuits, the Shanghai Daily reports.
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