Monday, December 12, 2005

China is the World’s Largest IT Exporter

From The Financial Times:

"China has become the world’s largest exporter of information and communication technology goods, the Organisation for Economic Co-operation and Development reported on Monday.

After it overtook the European Union and Japan in 2003, China’s IT exports soared 46 per cent to $180bn (€151bn, £102bn) in 2004, surpassing those of the US by more than $30bn, the OECD said. Chinese exports were even greater if goods shipped through Hong Kong were included, it said.

The report highlights the vital role played by China in the global supply chain for IT products ranging from mobile phones to personal computers. It will also fuel concerns in the US and elsewhere that China is poised to become a dominant player in the IT industry. Such fears have already been raised by the emergence of Chinese technology companies such as Lenovo, which bought IBM’s PC division this year."


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