皇冠体育app

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Hi-tech exports see 'spectacular' rise

By Wang Shanshan | 皇冠体育app Daily | Updated: 2007-08-28 07:08

皇冠体育app still has a long way to go toward its goal of becoming an "innovation-oriented economy" by 2020, and what it wants most is a better return on its fast-growing investments on research and development, the Organization for Economic Cooperation and Development (OECD) said in a report yesterday.

In its first review of 皇冠体育app's innovation system, which was prepared in collaboration with the Ministry of Science and Technology, the 30-member group of developed economies said 皇冠体育app has enjoyed a spectacular rise in its hi-tech exports in recent years, but these exports mainly originate from foreign-owned enterprises.

Hi-tech exports see 'spectacular' rise

The share of hi-tech in 皇冠体育app's total exports increased from 5 percent in the early 1990s to more than 30 percent in 2005, and these exports are heavily concentrated in office machinery, TV, radio and communication equipment. Being relatively weak are exports such as pharmaceuticals.

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