The story appears on

Page A9

November 10, 2016

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Finance

High-tech trade to be the norm

CHINA’S trade with the rest of the world is being transformed to one focused on high technologies from the exports of cheap manufactured goods, Shanghai Daily learned yesterday at a forum of the Shanghai WTO Affairs Consultation Center.

“While cheap labor cost was commonly taken as the competitive advantage of China in global trading, it would be replaced more and more by high technologies in the coming years,” said Zhang Youwen, president of Shanghai Society of World Economy.

Presently around 85 percent of the products China exports to the United States are “newly developed high-tech goods” rather than natural resources or cheaply produced goods, Zhang said.

Foreign investors prefer to invest in technologies in China. “High technology will be the new highlight in China’s trade with global markets,” Zhang said.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend