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Mainland China-Taiwan trade down 6.7% in Q1

May. 4, 2012 (China Knowledge) - Trade between mainland China and Taiwan dropped 6.7% year on year to US$35.12 billion in the first three months of this year, accounting for 4.1% of the mainland's total foreign trade for the same period, according to the statistics released by the Ministry of Commerce.

From January to March, the mainland's exports to Taiwan fell 8.6% year on year to US$7.37 billion, while its imports from the island was US$27.75 billion, down 6.1% compared with the same period of last year.
In the month of March, trade between the two sides rose 20.6% month on month to US$13.82 billion. The mainland's exports to Taiwan was US$3.03 billion in the month, up 33.5% month on month, and its imports from the island increased 17.4% from February to US$10.79 billion.
The mainland government approved a total of 510 Taiwan businesses-funded projects in the first three months of this year, 11.92% less than that in the same period of last year. The figure included 250 approved in March, up 88.0% month on month. The mainland's utilized investment from Taiwan grew 39.79% year on year to US$750 million in the first three months, including US$220 million in March, down 18.2% from the previous month.

As of the end of March, the mainland government had approved a total 86,282 projects with investments from Taiwan, and the utilized investment from the island had amounted to US$54.95 billion, accounting for 4.6% of the country's total utilized foreign direct investment (FDI).

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