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Fri, Jul 12, 2002 - Page 12 News List

China exports grew 14.2%


China's export growth accelerated in the first half as more companies moved production to the country and a weaker currency made Chinese goods cheaper. Exports grew 14.2 percent in the first six months of this year from a year ago to US$142.1 billion, Vice Foreign Trade Minister Ma Xiuhong said in a speech in Hong Kong. That was higher than the 13.2 percent gain in the first five months of this year, indicating growth accelerated in June. Last year, exports rose 6.8 percent. Rising overseas demand probably helped Asia's second-largest economy expand 7.5 percent in the first half and may lift full- year growth to 8 percent, an official said.

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