China's high-tech start late, but it is developing rapidly. High-tech industries such as electronic information, bio-engineering, aerospace, pharmaceutical manufacturing, new energy, and new materials have flourished from scratch and have become an important factor in driving China's industrial development by leaps and bounds. In 2008, the added value of high-tech manufacturing increased by 14% over the previous year. The added value of high-tech industries accounted for 9.6% of the added value of all above-scale industries. The scale of high-tech manufacturing has ranked second in the world. The output of computers, mobile communication handsets, antibiotics, and vaccines ranks first in the world. China is becoming an important production base for high-tech products in the world, and it has begun to transition to R&D and manufacturing bases. From 2000 to 2007, China’s exports of high-tech products increased by 38% annually. At present, the international market share is close to 20%, ranking first in the world.
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