In the first half of 2008, China's exports of mechanical and electrical products reached $388.78 billion, reflecting a 25.4% increase compared to the same period in 2007. This accounted for 58.3% of the total export value, up by 1.6 percentage points from the previous year. Within this category, exports of electrical and electronic products totaled $160.7 billion, rising by 24.8%, while machinery and equipment exports reached $128.06 billion, growing by 22.6%. High-tech product exports also saw significant growth, reaching $196.17 billion, an increase of 21.8%. Meanwhile, imports of mechanical and electrical products amounted to $265.38 billion, up 18.9% year-on-year.
Although the average number of orders per company increased, many businesses remain cautious about future export growth. According to a survey, approximately 27% of companies reported a decline in orders compared to the previous year, while 26% noted flat performance. Around 47% experienced growth, with 21% reporting an increase of over 20%. However, concerns are mounting regarding rising raw material costs, the appreciation of the renminbi, and the overall environment for foreign trade. These factors have created uncertainty, making it harder for companies to plan ahead.
In response to changing market conditions, enterprises are becoming more proactive in adjusting their product structures. Previously, such changes were often forced by external pressures, but now they are driven by a desire to improve competitiveness. Companies are also enhancing their ability to adapt and manage risks, shifting from rapid expansion to more controlled and rational development strategies. The risk of trade disputes is increasing, particularly with the U.S. and Europe, where trade relations are not as promising as before. This presents greater challenges than opportunities, requiring businesses to be more strategic and resilient in navigating the global market.
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