U.S. trails in tech exports to China
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China purchased a record amount of technology in 2006, with Europe accounting for almost 40 percent of total imports, China’s Ministry of Commerce said Thursday.
The U.S. trailed both Europe and Japan as an exporter of technology to China. China’s imports totalled $22.02 billion, up 15.6 percent over 2005 spending. Of that number, $14.76 billion was spent on technology licensing and other fees, or 67 percent of total spend, the ministry said. Nations in the European Union were the leading technology exporters to China, with total trade valued at $8.66 billion.
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