Author: observer
Date: 04-17-12 01:56
Liang2a "The biggest traitors in China are those who think China con only advance by selling cheap underwear to Americans"
Dear Liang2a,
It seems that your problem is that you don't keep up with new international developments and your views are based on the past. In an article on April 5, a Bloomberg article was entitled "Chinese Export Machine upgraded as Cranes replace Toys" I quote below a few relevant paragraphs:
" China's share of the world抯 low-end exports has started to fall. This reflects a shift by Chinese producers into sectors where margins are higher rather than a failure to compete, U.K.-based Capital Economics said in a March 28 note.
Last year, Chinese-built ships dominated the global market with a 41 percent share, ahead of South Korea (KOEXTOTY) and Japan, according to London-based shipping services company Clarksons. Data from the International Trade Centre, a joint agency of the United Nations and the World Trade Organization, show gains in China抯 global share of the markets for railway locomotives and wagons, machinery, and industrial boilers.
In construction machinery, Sany抯 specialty, three Chinese companies including Sany rank in the top 10 globally. Many of the new exporters are producing from inland China, rather than the coast, the traditional region for manufacturing.
Overall, the portion of China抯 exports made up by heavy industry, about two-thirds of which is machinery, has grown from 29 percent in 2001 to 39 percent last year, surpassing light industry and electronics, according to Beijing-based economics consultants GK Dragonomics.
揟hey are making different products with higher technology, things they can charge more money for, says Andrew Batson, GK Dragonomics research director, who estimates that the new industries can help lift China抯 share of global exports from 10 percent now to 15 percent by 2020. 揟he typical Chinese exporter is not a shoe factory in Guangdong anymore. Instead it is some kind of equipment or machinery maker.
Liang2a, In view of the above, I suggest to you sincerely: Update your facts or else Shut Up!!
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