China’s major exports consist of machinery and
transport equipments constituting to nearly half of
the total exports. Another major portion of the
exports comprise of textile, rubber and
metallurgical products constituting to 18%. Chemical
products, food, mineral and fuel materials made of
up 10% of the total exports. There is an exponential
increase in the machinery and transport equipments
segment of the exports from a mere 5% to 47% in
2007. With reference to Organization for Economic
Cooperation and Development, China has surpassed US
to become the world’s largest exporter of IT goods.
This is largely attributed to China’s strong
capabilities in grasping labor-intensive sectors of
the worldwide marketplace. Other factors include
China’s strategies in building its technical
manpower and Research and Development capabilities.
