Year 2003 witnesses surge in imports of mineral products

Home>>Business

Last updated at: (Beijing Time) Friday, April 09, 2004

Year 2003 witnesses surge in imports of mineral products

China's imports of mineral products increased sharply in 2003, according to a report issued Friday, April 9, by the Ministry of Land and Resources.

DISCUSSION

CHINESE

SEND TO FRIEND

China's imports of mineral products increased sharply in 2003, according to a report issued Friday, April 9, by the Ministry of Land and Resources.

The total trade volume in imports and exports of mineral products reached 160 billion US dollars in 2003 in China with the adverse trade balance growing.

In the year, China imported 91.12 million tons of crude oil, 148.13 million tons of iron ore, 2.86 million tons of manganic ore,1.78 million tons of chromite, 2.67 million tons of copper core and 6.57 million tons of potassic fertilizers.

In 2003, the exploitation of resources of petroleum and natural gas has made great progress. The production of coal reached above 1.6 billion tons, raw iron reaching 200 million tons and the production of ten nonferrous metals rose to 12 million tons.

However, the production of oil in Daqing Oil Field, China's leading petroleum producer, dropped to 48.4 million tons in 2003 after keeping a record of 50 million tons for 27 consecutive years.

Surveys show that China's reserves in mineral resources of crude oil, coal and iron have dropped.

Source: Xinhua

Questions?Comments? Click here

China Further Extends Oil, Mineral Product Imports

China tries to break Boeing, Airbus domination with self-made aircraft ( 6 Messages)

Will "Section 301" affect Chinese economy? ( 2 Messages)

Taiwanese businessmen further expand investment in Chinese mainland ( 2 Messages)

Japanese court rules PM's shrine visit "unconstitutional" ( 12 Messages)

China urges US to honor promise on Taiwan issue ( 4 Messages)

How the US could improve its image abroad ( 202 Messages)