Rank 1st position of Chinese exporting machinery and electronic

Chinese foreign trade reach a the highest  history position in November,2010, as imports jumps 37.7% to USD130.43billion and exporting  rose 34.9% to USD153.33 billion.

China has exported USD842.74 billion value fo electronic and machinery products in the first 11 months, up 32.7% from a year earlier,the data from the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) told a press conference.

The total value of exports and imports of eletronic and machinery prodcuts have increased 34.3% to USD1.4 trillion over the period, and the nationa’s electronic and machinery exporting has reached pre-crisis levels.

China is expected to over Germany and will be a the world’s largest exporter of electronic and machinery prodcts in 2010, but the proportion of high-tech products is small.Chinese main comparative advantages is lower labor costs, the nation’s machinery and electronic manufacturing industries were lacking in terms of independent innovation capacity and overseas marketing, and may faced trade friction challenges, said Vice Commerce Minister Jiang Yaoping.

In 2006, the export volume surpassed Japan to take the third-place ranking, only next to Germany and the United States and it was bumped up to second, after Germany, in the end of 2008.

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