MACHINERY EXPORTS SURGE IN CHINA

MACHINERY EXPORTS SURGE IN CHINA

Municipal statistics show exports of 14 main varieties of machinery and electronic products generated $424 million in the first half of 1995, a rise of 27.6 percent over the year-earlier period.

Textile machinery reported a 1.24 percent decline, but all other categories increased sales, though at a slower rate. Overall growth in the six months was 3.19 percentage points lower than in the first five months.Exports of vessels and ship equipment reached $137 million, ranking first among the 14, followed by electronic appliances at $84 million. Sales of television sets jumped 88 percent to 219,200 sets valued at $8.76 million, reversing three years of decrease.