National Business Daily (NBD), one of the three major comprehensive financial and economic dailies in China, recently reported that the State Council Executive Meeting just passed the decision to push industrial level exports in the areas of railway building, nuclear power plants and construction material assembly lines. The goal is to lift the level of international industrial cooperation and to identify new export growth channels. Chinese Premier Li Keqiang suggested that China should push hard on industrial upgrades and the Chinese exports should expand on the sides of medium and high end large equipment. Also in the plan of the “new international cooperation models” are high speed railways and trains, aviation, and telecommunications. The State Council expressed the belief that, in addition to “product exports” and “capital exports,” it is time for “industrial exports.”
Source: National Business Daily, January 29, 2015
http://www.nbd.com.cn/articles/2015-01-29/894243.html