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domingo, dezembro 18, 2005
China for the first time has surpassed America to export the most technology wares around the world
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China for the first time has surpassed America to export the most technology wares around the world, according to new figures from the Organisation for Economic Co-operation and Development. The crossover took place last year, when China exported $180 billion of computers, mobile phones and other digital stuff, exceeding America's international sales of $149 billion. A year earlier, in 2003, China's technology exports had overtaken those of both the European Union and Japan.
Given China's importance as a centre of low-cost manufacturing, its rise as an industrial power in technology goods is hardly surprising. What is startling is the speed of its ascent. From $36 billion in 1996, its world trade in tech goods—both imports and exports—has grown as much as 32% a year, to reach $329 billion in 2004.
China's rising share of the market has been matched by a fall in the dominance of America—which invented the electronic computer and transistor that launched the digital era. Almost all big IT firms have welded China into their supply chain. In that light, the sale of IBM's PC division to the Chinese computer-maker Lenovo, which made headlines a year ago this month, made perfect sense.
China is now the biggest IT exporter to America, having overtaken Japan in 2004. It accounts for 27% of all American IT imports (from 10% in 2000), which last year generated a trade surplus of $34 billion. For the moment, China's edge is in the low-end work: it imports components, fits them together and exports finished goods. But, after the second world war, Japan also started this way—before moving from low-wage labour to more advanced work, in many instances by capitalising on technological breakthroughs that came originally from America. China is also striving to imitate the Japanese model in another way, by working on its own technology for the next phase of development. But that is more an aspiration than a reality—at least for the moment.
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Economist.com | Articles by Subject | Information technology
China for the first time has surpassed America to export the most technology wares around the world, according to new figures from the Organisation for Economic Co-operation and Development. The crossover took place last year, when China exported $180 billion of computers, mobile phones and other digital stuff, exceeding America's international sales of $149 billion. A year earlier, in 2003, China's technology exports had overtaken those of both the European Union and Japan.
Given China's importance as a centre of low-cost manufacturing, its rise as an industrial power in technology goods is hardly surprising. What is startling is the speed of its ascent. From $36 billion in 1996, its world trade in tech goods—both imports and exports—has grown as much as 32% a year, to reach $329 billion in 2004.
China's rising share of the market has been matched by a fall in the dominance of America—which invented the electronic computer and transistor that launched the digital era. Almost all big IT firms have welded China into their supply chain. In that light, the sale of IBM's PC division to the Chinese computer-maker Lenovo, which made headlines a year ago this month, made perfect sense.
China is now the biggest IT exporter to America, having overtaken Japan in 2004. It accounts for 27% of all American IT imports (from 10% in 2000), which last year generated a trade surplus of $34 billion. For the moment, China's edge is in the low-end work: it imports components, fits them together and exports finished goods. But, after the second world war, Japan also started this way—before moving from low-wage labour to more advanced work, in many instances by capitalising on technological breakthroughs that came originally from America. China is also striving to imitate the Japanese model in another way, by working on its own technology for the next phase of development. But that is more an aspiration than a reality—at least for the moment.
...
Economist.com | Articles by Subject | Information technology
posted by CMT, 10:45 da tarde
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