Breakup of Asia's ex­ports of high-tech prod­ucts

China Daily (Canada) - - LIFE -

out global com­pe­ti­tion. “We tai­lor-make prod­ucts for dif­fer­ent over­seas mar­kets de­pend­ing on the de­mand and fac­tors like pop­u­la­tion den­sity,” Lyu said.

Fiber­home said its 2014 ex­port rev­enue ex­ceeded 2.4 bil­lion yuan ($305 mil­lion), a 90 per­cent in­crease year-onyear.

“China’s Belt and Road Ini­tia­tive has been fu­el­ing the sales,” said Lyu. The com­pany said it will fo­cus on growth in neigh­bor­ing mar­kets and at­tract re­search tal­ents in the re­gion. The Belt and Road strat­egy, the brain­child of the cen­tral gov­ern­ment, en­cour­ages ex­ports of high-tech prod­ucts.

With growth in the Chi­nese mar­ket sta­bi­liz­ing, some heavy equip­ment man­u­fac­tur­ers struck out on their own, seek­ing to en­ter Asian mar­kets yet to openup.

The Li­uzhou-based Li­uGong Ma­chin­ery Co, a ma­jor player in the heavy ma­chin­ery mar­ket, said its prod­ucts such as cranes and ex­ca­va­tors have been ex­port­ed­toSouth­east­Asi­aadecade ago and are largely used in gov­ern­ment­pro­jectsinthe­fields of trans­porta­tion, hy­draulic en­gi­neeringand­in­fras­truc­ture.

“Coun­tries in South­east Asia such as Thai­land and Cam­bo­dia are our tar­get mar­ket and we have been in Thai­land for more than a decade, be­cause

LIUSHUANGSHUANG / FOR CHINA DAILY

The first high-speed train to be ex­ported to Europe rolled off the pro­duc­tion line at Zhuzhou Elec­tric Lo­co­mo­tive Co in July 2015.

PRO­VIDED TO CHINA DAILY

An ex­ca­va­tor made by Li­uzhou-based Li­uGong Ma­chin­ery Co, in South China’s Guangxi Zhuang au­ton­o­mous re­gion, per­forms cal­lig­ra­phy art.

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