Trade between Chinese mainland, Taiwan grows more rapidly
2/5/2008 15:35
The Chinese mainland witnessed a fast development in trade with Taiwan
province in the first two months of this year, as a string of policies
benefiting Taiwan businesses were carried out.
Sources with the General
Administration of Customs said today that the January-February trade volume
between the two sides of the Taiwan Straits amounted to US$20.5 billion, a
growth of 23.8 percent on the same period of last year. The growth rate was 8.4
percentage points higher than the year-earlier level.
The total included
US$3.6 billion in export value by the mainland, up 12 percent, and US$16.93
billion in import value, up 26.6 percent. The mainland's trade deficit went up
31.2 percent to US$13.33 billion.
Companies with investment from outside the
Chinese mainland, particularly those with investment from Taiwan, accounted for
75.9 percent, or US$15.59 billion, of the mainland's total trade volume with
Taiwan, up 20.2 percent.
Machinery and electronics made up 66.2 percent, or
US$13.58 billion, of the total bilateral trade, up 20.9 percent. The growth rate
was 11.8 percentage points higher.
Besides the traditional trade participants
-- the Pearl River Delta and the Yangtze River Delta, central and western
regions of the mainland recorded US$380 million and US$280 million,
respectively, in trade with Taiwan, up 51.9 percent and 45.4
percent.
Xinhua
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