China aims to import and export US$360 billion worth of machinery
and electronic products by 2005, the Ministry of Foreign Trade
and Economic Cooperation (MOFTEC) said.
"We should
try to increase China's machinery and electronic imports and
exports by 12 per cent each year during the 10th Five-Year
Plan period (2001-05)," said Zhou Keren, vice-minister
of MOFTEC.
Until then China's
machinery and electronic imports and exports will account
for about 50 percent of China's total volume.
Zhou said it is
especially important to increase the amount of high-tech exports.
He said the export
of high-tech products should increase 20 percent each year
to reach US$90 billion by 2005, by which time they will make
up about 50 percent of China's machinery and electronic exports.
Zhou spoke yesterday
at the national conference on China's machinery and electronic
imports and exports.
About 150 officials
from ministries and bureaus under the State Council, machinery
and electronic import and export offices, tendering institutions
and Chinese exporters took part in the one-day conference.
Wei Jianguo, assistant
MOFTEC minister and also director of the National Machinery
and Electronic Import and Export Office, vowed to further
improve the government's export-promotion policies.
"Carrying
out these policies and measures is very important to accomplish
the difficult goal of US$120 billion in machinery and electronic
exports this year," he said.
He called for machinery
and electronic exporters to diversify their markets. "While
firming their hold on traditional Asian, European and American
markets, companies should try to expand their exports to Africa,
Latin America, the Commonwealth of Independent States, Eastern
Europe and the Oceania," he said.
(China Daily 04/03/2001)
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