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Cross-strait trade volume grew by 23% in first half
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15:59, August 05, 2008

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The Commerce Department's latest statistics show that from January to June this year, the volume of trade between the Chinese mainland and Taiwan reached 68.01 billion U.S. dollars, growing by 23.0 percent.

In the first half of this year, Taiwan's exports to the mainland amounted to 13.08 billion U.S. dollars, up 18.9 percent; and imports from Taiwan totaled 54.93 billion U.S. dollars, an increase of 24.0 percent. Currently, Taiwan is the mainland's seventh largest trade partner, ninth largest export market and fifth largest import source.

From January to June this year, the Chinese mainland had approved 1,193 Taiwan-invested projects, a decrease of 31.8 percent. One billion U.S. dollars of Taiwan's investment was actually used, up 19.9 percent.

By the end of June, the mainland had approved 76,339 Taiwan-invested projects, and the actual use of Taiwan investment totaled 46.76 billion U.S. dollars. According to statistics on the actual use of foreign investment, Taiwan became the fourth largest source of foreign capital, accounting for approximately 5.7% of overseas investment into the Chinese mainland.

By People's Daily Online



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