Help | Sitemap | Archive | Advanced Search | Mirror in USA   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  WAP SERVICE
  FEATURES
  PHOTO GALLERY

Message Board
Feedback
Voice of Readers
China Quiz
 China At a Glance
 Constitution of the PRC
 State Organs of the PRC
 CPC and State Leaders
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror
 
Saturday, October 14, 2000, updated at 22:26(GMT+8)
Business  

China's Export and Foreign Investment Sharply Increase

China's export and foreign investment in the first nine months have registered a sharp growth over the same period last year, with export increasing by 33.1 percent and contracted foreign investment by 27.86 percent.

This was announced by Hu Chusheng, spokesman of China's Ministry of Foreign Trade and Economic Cooperation (MOFTEC), Saturday at press conference for the opening of 88th China Export Commodity Fair.

China's imports and exports totaled 345.415 billion US dollars between January and September, an increase of 35.7 percent over the previous year.

According Hu, exports totaled 182.307 billion US dollars, up 33.1 percent, and imports stood at 163.107 billion US dollars, up 38.7 percent.

The expected annual foreign trade volume of 400 billion US dollars would be achieved ahead of schedule, he said.

The newly approved items of foreign investment were 15,732 in the period, up 23.3 percent over a year ago, and the contracted foreign investment was 37.858 billion US dollars, up 27.86 percent, the spokesman said.

He added that the actual foreign investment this year has decreased by 8.7 percent due to the reduction in cooperative use of foreign funds over the past two years.

From 1996 to 2000, foreign trade has played an increasingly important role and has become a driving force for the China's economic growth.

Statistics show the increase in exports promoted a 2.9 percentage point growth in the country's industrial production.




In This Section
 

China's export and foreign investment in the first nine months have registered a sharp growth over the same period last year, with export increasing by 33.1 percent and contracted foreign investment by 27.86 percent.

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved