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Mainland-HK trade down 1.5 pct in first two months

TRADE between the Chinese mainland and Hong Kong Special Administrative Region totaled 36.6 billion U.S. dollars in the first two months of this year, down 1.5 percent year on year.

Statistics from the Ministry of Commerce showed that mainland-Hong Kong trade during the period accounted for 6.5 percent of the mainland's total overseas trade volume.

In January and February, mainland exports to Hong Kong hit 35.5 billion U.S. dollars, an increase of 1.5 percent on a year-on-year basis, while the mainland's imports from the region saw a decrease of 48.9 percent to 1.1 billion U.S. dollars.

Hong Kong is the mainland's sixth-largest trade partner and fourth-largest export market, according to the ministry.

The mainland approved 1,847 Hong Kong-invested projects in the first two months, with the actual use of Hong Kong capital reaching 14.9 billion U.S. dollars, up 27.5 percent from the same period of last year.

By the end of February, the mainland had approved 400,813 Hong Kong-invested projects, with the actual use of Hong Kong capital reaching 929.7 billion U.S. dollars, accounting for 52 percent of the total overseas investment in the mainland.


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