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China has become a leader in the production of electronic information products.
As Minister of Industry and Information Technology of China Miao Wei stated at a recent meeting on the creation of the Chinese Association of Enterprises in the Electronic Information Industry, China has become the world's largest database of electronic information products with industry revenues of 12,4 trillion yuan / 1 US dollar - 6,15 RMB / 2013 year.
According to him, in 2013 year, the volume of imports and exports of China's electronic information products reached 1,33 trillion US dollars, which amounted to 32 percent of the country's total foreign trade turnover.
Miao Wei also noted that electronic information production is the industry with the most innovative activity in the world. At the moment, China has not only become the largest manufacturer of such products, but also has risen to the forefront in the world in terms of technical breakthroughs in the manufacture of telecommunications equipment, high-performance computers and digital TVs.
Nevertheless, the minister believes that for the further development of this industry, China has to solve a number of important problems, including accelerating the development of its own key technologies in order to avoid dependence on foreign manufacturers, intensifying the transition of the main industries from primary production to high value-added products.