Chinese Trade Grows 9 Percent from January to SeptemberChinese trade volume in the first nine months of 2001 reached 376.37 billion US dollars, up 9 percent from the same period of last year, according to statistics released by the General Administration of Chinese Customs (GACC) recently.Compared with the same period of last year, China's exports of 194.98 billion US dollars in the first 9 months of this year is a 7-percent rise, while its imports grew 11.2 per cent to 181.39 billion U.S. dollars. The trade surplus is 13.59 billion US dollars. During the first 9 months, primary product exports increased rapidly while primary product imports increased slowly. Total primary product trade reached 168.49 billion US dollars, a rise of 13.4 percent. Trade of processed products using imported material added up to 175.72 billion US dollars with a growth rate of 4.1, with exports in this regard standing at 107.22 billion US dollars, up 6.6 per cent, and imports at 68.49 billion US dollars, up 0.4 per cent. Imports and exports related to foreign-funded enterprises increased rapidly from January to September. Their trade volume increased by 11.1 percent to 189.76 billion US dollars, accounting for 50.4 percent of the total trade volume. In the first nine months, Chinese exports to the United States totaled 40.31 billion US dollars, up 4.8 percent. Exports to Hong Kong totaled 33.68 billion U.S. dollars, up 2.9 percent. Exports to Taiwan totaled 3.62 billion U.S. dollars, down 2.4 percent. Japan remained China's largest trading partner in the period, registering a total trade volume of 64.74 billion US dollars. GACC attributed much of China's export growth to the increase in machinery and electronic products in 2001. The export volume of machinery and electronic products added up to 85.63 billion US dollars in the first nine months, up 12.5 per cent from the same period last year. |
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