China's exports are mainly labor-intensive products, and the export of high-tech and high added-value products need to be promoted. Trade frictions dented exports of high-tech products and become a new concern for China and its trading partners since 2015.
China became the world's largest goods trader in 2014, many countries started to curb the import of Chinese products to narrow trade deficits.The Chinese PV solar industry will have a really hard time if the US imposed tariffs and the United States, Canada and Australia have all launched anti-dumping and countervailing duty investigations on Chinese photovoltaic products, an emerging change in China's foreign trade last year.
15 to 20 percent of Chinese exports go to the US market.The Chinese high-tech industry will have a really hard time if the US imposed tariffs. To offset this, exporters will need to improve technology and their capacity for innovation to enhance competitiveness, said Zhang Yujing, president of the China Chamber of Commerce for the Import and Export of Machinery and Electronic Products.
