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China's IC Imports Are Similar To Oil's
Date: 2013-12-31

In recent years, the integrated circuit has been China's commodity with largest imports. According to latest customs statistics , in 2012, the number of China's IC imports is 241.82 billion, an increase of 12.9%, while imports amounted to 192.06 billion U.S. dollars, an increase of 12.8% of total imports accounted for 10.6% of the total imports of China's annual foreign.This compares to 2012, China's crude oil imports are of 2.71 million tons, an increase of 6.8%; imports amounted to 220.666 billion U.S. dollars, an increase of 12.1% in the amount of imports accounted for 12.1% of the total imports of China's annual foreign.  China's annual spend considerable amounts of funds to import large quantities of integrated circuits and crude oil imports.Even in 2009 and 2010, China's IC has two consecutive years of more than crude oil to become the largest of China's foreign trade import goods. In 2009, China's IC imports amounted to $ 119.9 billion, crude oil imports amounted to $ 89.26 billion. In 2010, China's IC imports amounted to 156.99 billion U.S. dollars, while crude oil imports amounted to $ 135.151 billion.Small integrated circuit, the consumption of foreign exchange is comparable to crude oil."China's electronic information products, has become the largest producer in the world, is also the largest trading nation, but in fact we which the entire production system of electronic information products, and relatively at the low end of the magnitude of value of the core components of the integrated circuit production on does not have the advantage, often engaged in electronic information products OEM, which will inevitably have to rely on a large number of imports. "Foreign Economic and Trade University, Dean of the Institute for International Economics Sang all explained in an interview with reporters said.In addition, the wide variety of integrated circuits, and our nation's electronic information products relative to Europe and the United States started late, our own R & D a lot, but it is impossible to comprehensive development In addition, because we can not get the quality, security, cost relatively high, the proceeds from the comparison in terms of independent comprehensive production of integrated circuits does not actually cost the Department of Commerce International Trade and Economic Cooperation Research Institute of international market research vice Renbai Ming said in an interview with reporters.According to the Sang rivers introduction, these imports to a large number of integrated circuit, at least 60% as a core component production, assembly, and then exported to other countries."At present, China is already the world's largest electronic information products production base, production of electronic information products, not only to meet the needs of the world, but also to meet the domestic demand through the assembly and manufacture of integrated circuits on imports, we also improve condition of the original electronic information products rely heavily on imports, "Sang rivers analysis.Since small integrated circuit is so important for China's electronic information industry, but such a high dependence on foreign annual crude oil imports comparable facts can not help worrying.In this regard, Bai Ming on the current situation, we need to do is to diversify our imports, to reduce the excessive dependence on centralized countries, the development of more import substitution country.Of course, in the short term it is unrealistic to reduce external dependence of the integrated circuit, enhance the ability of independent production of integrated circuits, actual speaking is unrealistic, we have to make efforts from a long-term perspective. "Said Baichuan Sang.

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