exports_rising.jpgChinese exports of laptop computers soared 28% year-on-year to reach $10.9bn in the first four months of this year. That is despite a significant drop in average selling prices, as anyone who has shopped around for a laptop recently will know.

According to China's Ministry of Commerce, laptops were the top foreign exchange earner, followed closely by mobile phones, whose sales reached $8.8bn. The number of phones exported in the period nearly doubled to 100m.

China has now overtaken the US as the world's leading supplier of IT and communications hardware, according to the OECD. The finding confirms the success of China's strategy of reducing its dependence on low-margin goods like t-shirts and toys, which generate relatively little wealth, to move up the manufacturing value chain into electronics and capital goods with higher added value.

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