PCs reign in electronic exports
By Rich Zhu |
September 7, 2010, Tuesday
|
Print Edition
Print Edition
CHINA'S electronic exports jumped an annual 37.3 percent in the first seven months of this year on the back of booming overseas shipments of electronic components, the Ministry of Industry and Information Technology said yesterday.
Personal computers, still the major contributor in the total electronic exports in the period, may slow because of a decrease in demand for the rest of this year. The reduced demand will influence the business of electronic manufacturers like Quanta Computer and Foxconn Technology Group, industry officials warned yesterday.
"The strong PC export growth may not continue because the demand is expected to decrease worldwide," said Wang Yang, an analyst at iSuppli, a United States-based research firm.
Worldwide computer sales are expected to expand 12 percent in 2011 compared with 18 percent this year, according to Taipei-based Capital Securities Corp.
China's PC exports surged 55.7 percent from the same period a year ago to US$50.8 billion.
From January to July, the value of China's electronic exports was US$313.5 billion, 36.9 percent of the national total export value.
The figure was a growth of 7.5 percent growth compared with the period in 2008 when the global economy was not quite impacted by the financial crisis, according to the ministry.
In a statement on its website the ministry said the component and material exports grew rapidly.
In the seven-month period, electronic component exports jumped 67.1 percent to US$35.7 billion. Exports of electronic materials hit US$3.1 billion, an annual 67 percent growth, the ministry said.
The top three export contributors were PCs, mobile phones and integrated circuits, according to the ministry.
Foxconn Technology, which has several electronic manufacturing plants on the Chinese mainland and makes Apple Inc's iPhones and iPads, trimmed its long-term growth target to 15 percent from the previous 30 percent, Chairman Terry Gou told reporters yesterday.
Personal computers, still the major contributor in the total electronic exports in the period, may slow because of a decrease in demand for the rest of this year. The reduced demand will influence the business of electronic manufacturers like Quanta Computer and Foxconn Technology Group, industry officials warned yesterday.
"The strong PC export growth may not continue because the demand is expected to decrease worldwide," said Wang Yang, an analyst at iSuppli, a United States-based research firm.
Worldwide computer sales are expected to expand 12 percent in 2011 compared with 18 percent this year, according to Taipei-based Capital Securities Corp.
China's PC exports surged 55.7 percent from the same period a year ago to US$50.8 billion.
From January to July, the value of China's electronic exports was US$313.5 billion, 36.9 percent of the national total export value.
The figure was a growth of 7.5 percent growth compared with the period in 2008 when the global economy was not quite impacted by the financial crisis, according to the ministry.
In a statement on its website the ministry said the component and material exports grew rapidly.
In the seven-month period, electronic component exports jumped 67.1 percent to US$35.7 billion. Exports of electronic materials hit US$3.1 billion, an annual 67 percent growth, the ministry said.
The top three export contributors were PCs, mobile phones and integrated circuits, according to the ministry.
Foxconn Technology, which has several electronic manufacturing plants on the Chinese mainland and makes Apple Inc's iPhones and iPads, trimmed its long-term growth target to 15 percent from the previous 30 percent, Chairman Terry Gou told reporters yesterday.
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