Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Xinjiang reports robust foreign trade growth
Adjust font size:

The import and export value of northwest China's Xinjiang Uygur Autonomous Region doubled in the first seven months of this year to $11.58 billion, 70 percent more than the national average growth rate.

The remote Chinese region exported $9.89 billion worth of commodities from January to July, almost double that for the same period last year, and imported goods were valued at $1.69 billion, an increase of more than 80 percent, according to statistics given by Urumqi Customs.

Xinjiang's conventional bulk goods for export included garment and accessories, footwear, machinery and electronic products, textile yarn, fabrics and related products, and farm produce.

In the first seven months, 77 percent of the region's foreign trade volume, or $9 billion, were done via barter trade.

Xinjiang borders with Mongolia, Russia, Kazakhstan, Kyrgyzstan, Tajikistan, Afghanistan, Pakistan and India, with a border line of 5,400 km.

Kazakhstan remains as Xinjiang's biggest trading partner, followed by Kyrgyzstan, Russia, Tajikistan and Uzbekistan.

Nationwide, China gained $1.48 trillion in foreign trade in the first seven months, representing a year-on-year rise of 26.4 percent, according to a report posted on the website of Ministry of Commerce.

In breakdown, exports totaled $802.91 billion, up 22.6 percent, while imports were worth $679.2 billion, up 31.1 percent.

(Xinhua News Agency August 18, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Xingjiang's Land Ports & Border Trade
- Xinjiang to Open 2nd Border Trade Market to Kazakhstan
Most Viewed >>
- Luxury car dealers halt sales
- China to raise coke export tariff rate to 40%
- Offshore market for yuan likely soon
- Reconstruction efforts fuel rise in investment
- Small-sum loan business enters launch countdown
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?