According to the Ministry of Commerce, foreign-funded enterprises managed to have their imports and exports go up faster than the country's average by 1.72 percentage points for the first 4 months of the year. Their nearly 239.2 billion USD worth of foreign trade deals reflected a year-on-year rise of 25.3 percent and 57.65 percent of the country's total.

The 33.55 percent growth of their export is 0.45 percentage points slower than the pace of the total exports from Jan. to Apr.. The value of their exports posting 125.9 billion USD accounted for 57.74 percent of the country's total exports, down slightly from the same period of last year by 0.2 percentage points.

Their imports, however, were rising 16.75 percent, higher than the 13.3 percent increase of the country's total imports in this period. Their 113.3 billion USD imports is 57.54 percent of the country's total imports.

68.59 percent of their imports and exports, or more than 164 billion USD, came from their processing business which jumped 29.41 percent. Their 32 percent upturn of exports for processing trade, contributing 77.5 percent to their total exports, failed to keep the same pace as that in the first 4 months of last year.

Still in terms of the processing trade, 83.42 percent of the total value of China's imports and exports in this period was generated by foreign funded enterprises whose exports represented 82.88 percent and imports represented 84.24 percent of the country's total.

In general trade, foreign funded enterprises recorded a year-on-year rise of 17.4 percent largely due to the 40.2 percent upsurge of exports. Their imports climbed much slower than the country's average.

The Ministry of Commerce has noticed the plunging hi-tech exports by those foreign funded enterprises since January this year. They also invested less on imported equipment since January than before.

By the end of April, 522,033 foreign funded enterprises had been approved.

By People's Daily Online