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China to expand foreign trade of mechanical and electronic products

Source:   Time:

BEIJING, June 4 (Xinhua) -- China's exports and imports of mechanical and electronic products will see an averaged annual growth of 10 percent during the coming five years to reach 25 trillion U.S. dollars by 2015, according to the sector's development plan released Monday.

The plan for the 2011-2015 period said China will further improve product quality and boost the ratio of high-tech products in its exports, according to a statement posted on the ministry's website.

It will further diversify its markets to make exports to the emerging countries account for 40 percent of the total, the statement said.

It will also actively promote imports of advanced technology equipment and key components and take steps to improve the trade balance in the sector, according to the statement.

Exports and imports of mechanical and electronic products account for a majority of China's foreign trade.

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