Foreign Trade Increases 16 Percent in January-August

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Last updated at: (Beijing Time) Friday, September 13, 2002

Foreign Trade Increases 16 Percent in January-August

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China's imports and exports totaled 383.5 billion US dollars in the first eight months of this year, a year-on-year increase of 16 percent, according to figures released in Beijing on Thursday by the General Administration of Customs (GAC).

During the January-August period, imports stood at 182.8 billion US dollars, a rise of 15 percent, while exports reached 200.7 billion US dollars, up 18 percent, with a trade surplus of 17.9 billion US dollars.

In August, foreign trade totaled 56.6 billion US dollars, up 24percent year-on-year, with exports climbing 25 percent to 29.4 billion US dollars, and imports growing 23 percent to 27.2 billion US dollars.

GAC figures show primary product exports continued to grow fast and primary product imports increased at a higher rate than last month. Exports and imports in the processing trade, as well as exports of machinery and electronic products, saw large increases.

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