Since the second half of last year, the import and export of mechanical and electrical products in China have been affected by the international financial crisis. The cost-effectiveness of Chinese products still has an advantage in international competition. In the first half of this year, the import and export of Chinese mechanical and electrical products increased by nearly 40% year-on-year, of which high-tech products accounted for a continued increase in the proportion of mechanical and electrical products exports.

At the 11th International Electromechanical Products Expo held in Wuhan, Zhang Jun, Director of the Department of Mechanical and Electrical Industry of the Ministry of Commerce of the People's Republic of China stated that in the first half of the year, the total import and export of mechanical and electrical products in China reached US$719.6 billion, accounting for 53.1% of the total value of merchandise trade. An increase of 39.8%. The export of machinery and electronic products was US$ 416.97 billion, accounting for 59.1% of the total merchandise export value, which was a 35.9% year-on-year increase. It is expected to recover to the level before the international financial crisis for the whole year; the import of mechanical and electrical products was US$ 302.64 billion, accounting for 46.6% of the total merchandise imports. Increased 45.5% over the same period last year.

It is reported that the proportion of high-tech products in the export of electromechanical products has continued to increase, and the policy goal of “adjusting structure” in foreign trade has been achieved. From January to June this year, China's high-tech products accounted for 50.4% of total exports of machinery and electronics, and exports were 210.19 billion US dollars, an increase of 41.1% year-on-year, an increase of more than 5.1 percentage points higher than the overall mechanical and electrical. During the same period, China’s high-tech products imported 183.78 billion U.S. dollars, an increase of 45.9% year-on-year, accounting for 60.7% of the total imports of electromechanical devices.

Zhang Hao said that although the import and export of mechanical and electrical products has recovered, there is still a structural contradiction. High-tech products account for a low proportion of total exports. High-end core products still rely mainly on imports. Independent innovation, transformation and upgrading, and transformation of the development mode of the electromechanical industry No delay.