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Saturday, November 13, 1999, updated at 12:19(GMT+8) Business China's Exports Up 4.3 Percent in January-October China's exports increased 4.3 percent to 155.2 billion US dollars in the first ten months of the year, according to figures released by the General Administration of Customs (GAC) on November 12. The overall import and export volume in January-October reached 286.6 billion US dollars, up 10.6 percent, and imports during the period grew 19.2 percent to 131.4 billion US dollars. In October, exports hit 18.2 billion US dollars, up 23.8 percent, while imports surged 18.2 percent to 13.8 billion US dollars. By the end of October, China's total trade surplus stood at 23.8 billion US dollars. The growth of exports was brought about by greater exports of goods processed in China and more exports from State-owned enterprises, according to the GAC. In addition, China's exports to Asian partners came out of the red to register positive growth. But China's exports of clothing, textile fabric, and toys declined by a small margin. At the same time, imports of goods for processing in China grew 13.7 percent in October, showing that the new management policy for the processing industry, which became effective from October 1, has been effective, according to some analysts. Printer-friendly Version In This SectionSearch Back to top Copyright by People's Daily Online, All rights reserved |
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