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China's electronic exports continue to tumble

CHINA'S electronic exports tumbled almost 20 percent in the first two months of this year, buffeted by the impact of the global financial crisis, the Ministry of Industry and Information Technology said yesterday.

The first two months of the exports fell 19 percent from a year ago, the ministry said without providing detailed export data. They dropped 10.8 percent in December.

"It's a tough challenge to the industry but it's an opportunity to upgrade our industry structure," Minister Li Yizhong said during a broadcast conference last month, without elaborating.

The ministry said that while output of TVs tumbled 21.4 percent and mobile phones 11.2 percent, integrated circuit production expanded 16.4 percent to 6.29 billion units in the period.

To revive the electronics and IT sector, China has launched a package of stimulus measures to enhance development in next generation mobile communications, flat panel displays, software and integrated circuits.

The State Council, China's Cabinet, said recently that from next Wednesday export tax rebates in several industries, including electronics, will rise.

China's overall exports dived 25.7 percent year on year last month, the worst decline in more than a decade.



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