In the first half of 2008, China's exports of mechanical and electrical products reached $388.78 billion, reflecting a 25.4% year-on-year increase. This accounted for 58.3% of the total export value during the same period, up by 1.6 percentage points compared to 2007. Specifically, exports of electrical and electronic products amounted to $160.7 billion, rising by 24.8%, while machinery and equipment exports hit $128.06 billion, an increase of 22.6%. High-tech product exports totaled $196.17 billion, growing by 21.8%. On the import side, mechanical and electrical products reached $265.38 billion, showing an 18.9% rise.
Although the average number of orders per enterprise has increased, the outlook for future export growth remains uncertain. According to survey responses, approximately 27% of companies reported a decline in orders compared to the previous year, 26% saw no change, and 47% experienced growth. Among these, 21% noted an increase of more than 20% in their orders. However, businesses are increasingly concerned about rising raw material costs and the potential appreciation of the renminbi, which could impact their profitability. They are also worried about the evolving environment for foreign trade and its long-term implications.
Enterprise product restructuring has become more proactive as companies adapt to changing market conditions. With greater uncertainty, firms have improved their resilience and ability to adjust. The shift from rapid expansion to more controlled and rational development is evident. Meanwhile, the risk of trade disputes is rising, especially with the U.S. and Europe, where trade relations remain unstable. This poses significant challenges that outweigh the opportunities available in the current climate.
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