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June 2002
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| CHINA BY THE NUMBERS |
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Overseas Investment in China Soars
(May 15 2002) The first four months of 2002 saw a year-on-year rise of 29.06
percent in the overseas funds used in China, according to statistics released by
the Ministry of ForeignTrade and Economic Cooperation (MOFTEC) Wednesday.
Figures showed that the overseas investment already in use totaled 14.14 billion
US dollars during the first quarter, while the contractual overseas investment
registered a growth of 5.1 percent at 21.28 billion US dollars.
The setting up of 8,920 overseas-funded enterprises has been approved in the
period, an increase of 20.01 percent.
By the end of April 2002, China had approved 388,945 overseas-funded
enterprises. The contractual investment totaled 766.57 billion US dollars, of
which 409.36 billion US dollars has already been put to use.
Source: People's Daily
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Trade Volume in April Hits 52.48 Billion US Dollars
(May 16 2002) China's trade volume in the first four months this year reached
174.52 billion U.S. dollars, up 10.5 percent from the same period of last year,
the General Administration of Customs (GAC) said Wednesday.
GAC figures show that export in the January-April period rose 12 percent to
91.38 billion U.S. dollars and import grew 8.8 percent to 83.14 billion U.S.
dollars, leaving a trade surplus of 8.24 billion U.S. dollars.
In April, the trade volume hit a record high of 52.48 billion U. S. dollars, a
year-on-year increase of 17.5 percent. Of the total, export was valued at 26.73
billion U.S. dollars, up 17.2 percent, while import reached 25.75 billion U.S.
dollars, up 17.8 percent. The month's trade surplus was 0.97 billion U.S.
dollars.
In the four months, primary product exports increased at a higher speed and
primary product imports started to grow. The trade volume in this regard reached
74.85 billion U.S. dollars, up 6.3 percent.
Processing trade volume in the four months reached 84.97 billion U.S. dollars,
jumping 15.2 percent, with exports up 12.4 percent to 50.6 billion U.S. dollars
and imports up 19.6 percent to 34.37 billion U.S. dollars.
Both Sino-Japanese and Sino-European Union trade increased in the four months.
The trade volume with Japan reached 29.58 billion U.S. dollars and that with EU,
25.3 billion U.S. dollars.
China's steady economic growth, accession to the World Trade Organization and
trade promotion measures as well as the robust recovery of the U.S. economy,
healthy growth of the world economy and trade contributed to the fast trade
growth, experts said..Source: People's Daily
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China's Industrial Production Grows by 12.1% in April
(May 16 2002) The industrial production of China grew 12.1 percent in April over
the same month last year, a 1.2 percentage point rise over the industrial
production during the first quarter of the year, the National Bureau of
Statistics said Wednesday.
In the first four months of 2002, the industrial production was up 11.2 percent
over the same period last year, with an accumulated production value at 906.3
billion yuan (US$109.5 billion), the bureau said in a news release.
The industrial production for April was worth 256.9 billion yuan (US$31.06
billion).
Non-State-owned industries continued to outpace the State-owned sector, the
report said.
Industrial growth at private, joint ventures and wholly foreign-funded
industrial businesses rose by 13.1 percent in April over the same period last
year, 2.6 percentage points faster than in the first quarter of the year, it
said.
At share-holding industries, the output increased by 13.9 percent over April
2001, a 1.2 percentage point increase over the first quarter of the year, the
bureau said.
Industrial production at State-owned industries and share-holding industries
controlled by the state was up 10.9 percent in April over the same period last
year, a 2.2 percentage point rise over the first quarter of 2002, it said.
Heavy industrial products during the month were valued at 156.4 billion yuan
(US$18.91 billion), a 12.5 percent rise over the same month last year, while
light industries produced 100 billion yuan (US$12.09 billion) worth of products,
a 11.5 percent increase over April 2001.
Industrial exports during April were up 18.8 percent over the same month last
year, valued at 153.7 billion yuan, the news release said.
Export value was up 5.1 percent over the first quarter of the year, it said.Source: People's Daily
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