China exported engineering machinery worth a combined 7.54 billion U.S.
dollars in the first ten months, up 61.3 percent from the same period last year,
according to Customs figures published on Thursday.
About 3.44 billion US
dollars, or 45.6 percent, of the total came from foreign-invested firms.
State-owned enterprises exported 2.44 billion US dollars while private firms
exported more than 1.42 billion US dollars.
Asia has been the largest
importer of China-made engineering machines, posting an aggregated import volume
of 3.47 billion US dollars, up 43.2 percent.
Exports to Africa stood at
670 million US dollars, up 87.3 percent. The growth rate is the highest among
all continents.
In its latest analysis report, the General Administration
of Customs warned China-made engineering machinery was not as durable some
foreign made equipment. Laboratory tests showed that local products would run
into problems after working every 150 to 300 hours, far below the world average
of every 500 to 800 hours.
Most of China's engineering machines still
rely on imported motors, which can extend the average life from 4,000 to 5,000
hours to up to 10,000 hours, it said.
The report called on domestic
manufacturers to beef up research and development efforts and strive to grasp
proprietary technology.
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