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Industrial Machinery, Communications Equipment Is Expected To Become China's Largest Export Industry

- Mar 29, 2017 -

    HSBC said that as China exports to the upper reaches of the value chain, by 2030, industrial machinery, communications equipment is expected to become China's largest export industry, 2021 to 2030 industrial machinery will account for export volume of 1 /3.

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According to the World Economic Forum, China ranked 69th in the world infrastructure market. With the escalation of transport and telecommunications networks, the capital expenditure of the infrastructure industry increased, thus accelerating the import of industrial machinery. By 2030, Accounting for 1/3 of imports, Hong Kong as China and the rest of the world's ties, is still the most important source of imports.