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Foreign-invested enterprises top China's external trade
28
Dec '12
Foreign-invested enterprises account for major share of China’s external trade, followed by domestic private firms and state-owned enterprises.
 
From January to November, China’s total exports and imports amounted to US$ 3.5 trillion, showing an increase of 5.8 percent year-on-year.
 
Of these, the value of exports and imports made by foreign-invested companies touched US$ 1.724 trillion, registering a rise of 1.9 percent year-on-year.
 
The foreign trade by private enterprises amounted to US$ 1.09 trillion, achieving a growth of 18.1 percent year-on-year. This accounted for 31.1 percent of China’s total foreign trade. 
 
Of these, exports fetched US$ 687.33 billion, up 19.4 percent year-on-year, accounting for 37.2 percent of China’s total exports, while imports were worth US$ 402.75 billion, up 15.9 percent year-on-year, accounting for 24.4 percent of China’s total imports.
 
The state-owned enterprises registered exports and imports worth US$ 685.9 billion, a decrease of 1.1 percent year-on-year.
 

Fibre2fashion News Desk - China


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