The resource-rich region of Guangxi in southwest China has decided
to readjust the export structure amid the world's economic slowdown.
Guo Yue, official
with the Foreign Trade and Economic Cooperation Department
of Guangxi Zhuang Autonomous Region, said that 90 percent
of Guangxi's export markets are in the US, the European Union,
Japan and Southeast Asia.
However, the world's
economic slowdown has elevated the risk of Guangxi's exports.
She said that Guangxi
will explore new markets in Africa, South America, Australia,
Middle East, South Asia and Eastern Europe in the Tenth Five-Year
Plan period (2001-2005) to help deduct the risk.
The proportion
of mechanic and electronic products in the export mix will
increase by a large margin, while the processing of popular
resource materials, such as talcum powder, barite powder,
gum rosin and vegetables, needs to be intensified during the
period, she said.
(People's Daily
05/13/2001)
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