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China's Top High Tech Market Share

According to a briefing released on April 6, 2008 by the State Development and Reform Commission, China's high tech industry has realized an added value worth RMB 1.9 trillion in 2007, or 7.8% as a proportion of GDP. In the meantime, high-tech products have created an export volume reaching USD 347.8 billion, which makes China second place in the world in terms of high tech manufacture scale, and first in the context of high tech product market share in the world.

During the period of 2000-2007, China's high tech export has secured an annual growth of 38%. China's high tech products have landed an international market share approaching 20%, with the output of computers, mobile phones, antibiotics, and vaccines ranking first place in the world. China is becoming a major production base for high-tech products in the world, heading towards a major power of both high tech R&D and manufacturing. As of last year, China's high tech export has taken some 30% of the nation's total export. Networking and digital content industries have enjoyed a booming development, with more applications and diffusions of information technology and biotechnology. Meanwhile, traditional industries have been upgraded to meet the changed social needs. Under the stimulus of overall fast high tech development, the west region has picked up speed to catch up with their neighbors in both east and middle parts of the country. For example, Shaan'xi, Sichuan, and Chongqing have heavily worked on emerging industries, including aeronautics and space, electronics and information, and biotechnology. As a result, the west region created a high tech value worth RMB 247.4 billion in 2007, or three times that of 2000.

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