Mon, Dec 22, 2003 - Page 10 News List

Cross-strait trade grows 25 percent from last year


Trade between China and Taiwan is expected to exceed US$50 billion this year, up 25 percent from last year, Chinese state media said yesterday.

Trade hit US$46.63 billion during the first 10 months of this year, up 29.4 percent year on year, a leading official from the Taiwan, Hong Kong and Macau Department of the Ministry of Commerce was cited by the Xinhua news agency as saying.

Trade volume for the 10-month period included US$7.04 billion in exports from China to Taiwan, up 33.5 percent, and US$39.59 billion in imports from Taiwan to China, up 28.7 percent.

China had a trade deficit of US$32.5 billion, the ministry said.

Beijing had also approved 3,664 investment projects from Taiwan with a contractual volume of US$6.6 billion, an increase of 21.6 percent from the same period last year, Xinhua said.

Actual investment during the period stood at US$2.7 billion.

This story has been viewed 3433 times.

Comments will be moderated. Keep comments relevant to the article. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. Final decision will be at the discretion of the Taipei Times.

TOP top