HK trade hits US$97 billion

Source: Xinhua  |   2008-7-24  |     NEWSPAPER EDITION

TRADE between China's mainland and its Hong Kong Special Administrative Region reached US$97 billion in the first half of 2008, up 8 percent year-on-year, statistics from the Ministry of Commerce showed yesterday.

The mainland's exports to the HKSAR reached US$90.65 billion and imports from the HKSAR reached US$6.35 billion, up 7.8 percent and 9.8 percent respectively, the MOC said.

The mainland attracted direct investment from the HKSAR in 6,900 projects, down 8.2 percent, and the actual use of Hong Kong direct investment reached US$23.39 billion, up 94.5 percent.

As of the end of June 2008, direct investment of the HKSAR in the mainland totaled US$331.93 billion in 292,663 projects.

The figures are cumulative, dating back to 1978, which marked the opening up of trade between the mainland and Hong Kong. HKSAR accounted for 40.7 percent of all non-mainland direct investment.