Chinese High-tech Trade Surges 50% in First Half Year

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Last updated at: (Beijing Time) Saturday, August 09, 2003

Chinese High-tech Trade Surges 50% in First Half Year

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China's trade in high-tech productsrose to about 94.9 billion US dollars in the first six months, up 50.67 percent over the corresponding period last year and 11 percentage points higher than total trade growth, the Ministry of Commerce said Friday.

Statistics from Chinese Customs showed imports hit 50.95 billion US dollars while exports were 43.93 billion US dollars, increasing by 47.8 percent and 54.8 percent year-on-year respectively.

Automatic data processing equipment parts and portable computers were the top two export high-tech commodities.

Integrated circuits and micro-electronic items were the top import goods, figures show, with a total import volume of 16.1 billion US dollars and a 56.92 percent year-on-year growth.

Japan, Association of Southeast Asian Nations (ASEAN) countriesand the Taiwan region were the main sources of imports while Hong Kong, the United States and the European Union were the main export markets of high-tech products.

Solely-foreign-funded enterprises and private companies saw 230percent and 292 percent year-on-year growth respectively.

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