Mainland’s trade with Taiwan drops

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February 6, 2017

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Mainland’s trade with Taiwan drops

Source: Xinhua | February 6, 2017, Monday |

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TRADE volume between the Chinese mainland and Taiwan totaled US$179.6 billion in 2016, down 4.5 percent from 2015, according to the Ministry of Commerce.

Mainland exports to Taiwan were US$40.4 billion last year, a 10.1 percent year-on-year drop, and imports from Taiwan stood at US$139.2 billion, down 2.8 percent.

Taiwan is the mainland’s seventh largest trade partner and sixth biggest source of imports.

In 2016, the mainland approved 3,517 Taiwan-invested projects, with the actual use of Taiwan capital worth US$1.96 billion, up 27.7 percent from the previous year.

By the end of December, the mainland had approved 98,815 Taiwan-invested projects, with the actual use of Taiwan capital at US$64.7 billion.

Last year, the mainland’s trade with Hong Kong fell 11.1 percent year on year to US$305.3 billion.

Mainland exports to Hong Kong stood at US$288.4 billion in 2016, down 12.7 percent from the previous year, while the mainland’s imports from the city rose 32.4 percent to US$16.9 billion.

Hong Kong is the mainland’s fourth-largest trading partner and third-largest export market, according to the ministry.

The mainland approved 12,753 Hong Kong-invested projects in 2016, with the actual use of Hong Kong capital at US$81.5 billion, down 5.7 percent from 2015.

By the end of December, the mainland had approved 398,966 Hong Kong-invested projects, with the actual use of Hong Kong capital totalling US$914.8 billion.

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Mainland’s trade with Taiwan drops

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