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China imports advanced technology worth $70billion
Xinhua ^ | 2006-01-29

Posted on 01/28/2006 10:18:44 PM PST by nickcarraway

BEIJING, Jan. 29 (Xinhuanet) -- During the 10th Five-Year Plan period (2001-2005), China imported advanced technology worth 70 billion U.S. dollars, according to sources with the Ministry of Commerce.

The figure accounts for about 30 percent of China's total technology import since the start of reform and opening-up at the end of 1970s, the ministry said.

Thanks for such technology importation, China's technological level and production capacity in power, metallurgy and petrochemical industry have been lifted up remarkably, the ministry said.

China signed a total of 9,902 technology import contracts in 2005, up 15.1 percent year on year, according to the ministry.

The contracted volume was amounted to 19.05 billion U.S. dollars, up 37.5 percent year on year, 11.83 billion U.S. dollars of which were technology fees, accounting for 62.1 percent.

In 2005, the European Union became the first source for China's technology import, which was followed by Japan and the United States.

China signed technology import contracts worth 9.07 billion U.S. dollars with the European Union, up 46.6 percent. China imported technology worth 3.85 and 3.4 billion U.S. dollars from Japan and the United States in 2005.


TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption; Culture/Society; Foreign Affairs; Government; Miscellaneous; News/Current Events; Politics/Elections
KEYWORDS: bct; china; commies; manufacturing; reds; soldout; technology

1 posted on 01/28/2006 10:18:45 PM PST by nickcarraway
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To: nickcarraway

http://images.google.com/images?q=tiananmen

Google

http://images.google.cn/images?q=tiananmen

Google China

Compare the search results. Shocking, isn't it?


2 posted on 01/28/2006 10:29:49 PM PST by CarrotAndStick (The articles posted by me needn't necessarily reflect my opinion.)
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To: nickcarraway
"Thanks for such technology importation..."

Your welcome...I guess?

3 posted on 01/29/2006 12:16:47 AM PST by endthematrix (None dare call it ISLAMOFACISM!)
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To: endthematrix

what they are doing is sourcing from various nations, so as to establish a web of more or less foreign agents. first quantity from the usa, then from europe and now from japan. this way, when right thinking people question this intercourse given to us from china, china has ready paid defenders who are blonde and blue. you see, no harm done.


4 posted on 01/29/2006 12:40:10 AM PST by son of caesar (son of caesar)
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To: nickcarraway

Well think of the bright side, THey arent stealing in those cases, So its 70B for the world economy.


5 posted on 01/29/2006 7:29:58 AM PST by Petey139
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