Jun. 4, 2012 (China Knowledge) - Trade value of mainland China with Hong Kong
hit US$90.74 billion in the first four months of this year, up 5.5% YoY, according to the latest statistics released by the Ministry of Commerce
The figure accounted for 7.8% of the China's total foreign trade during the reporting period. China's exports to Hong Kong were US$85.77 billion in the four-month period, up 5.8% YoY.
In April alone, trade volume between China and Hong Kong fell 0.3% MoM to US$26.51 billion. The mainland's exports to Hong Kong increased 0.2% MoM to US$25.12 billion and its imports from Hong Kong fell 7.9% MoM to US$1.4 billion.
From January to April, the mainland approved 3,233 Hong Kong-invested projects, 15.7% less than that in the same period of 2011. Hong Kong's direct investment was US$21.66 billion during the period, down 3.1% YoY.
As of the end of April, a total of 339,513 Hong Kong-funded projects had been approved, and actual utilized FDI totaled US$548.37 billion. Funds from Hong Kong accounted for 45.5% of mainland China's total.