China's technology imports up 45.2 pct in first nine months

China's technology imports reached 17.95 billion U.S. dollars in the first nine months of this year, up 45.2 percent over last year, reported the Ministry of Commerce (MOC) on Monday.

Contracts for copyright licenses constitute the largest part of the total contracted fund, with a year-on-year growth of 57.5 percent.

The European Union (EU) is the largest technology exporter to China with a contracted value of 7.54 billion U.S. dollars, up 32 percent.

Japan and the United States ranked the second and third respectively as China's technology imports from Japan reached 4.45 billion U.S. dollars and that from the United States, 2.89 billion U.S. dollars.

The value of imported technology made by foreign-funded enterprises rose by 49 percent to 8.69 billion U.S. dollars, accounting for 48.4 percent of the total.

Chinese state-owned enterprises' technology imports were valued at 8.04 billion U.S. dollars, up 55.4 percent.

About 22.2 percent of the country's technology imports, or 3.98 billion U.S. dollars, came from the railway transport sector.

Technology imports in the electronic and communication equipment manufacturing sector rose by 123.7 percent to 3.49 billion U.S. dollars.

Source: Xinhua