Wednesday, July 30, 2014

HONG KONG CHINA TRADE DOWN

From the Hong Kong Standard--

Trade slumps between HK, China
(07-30 16:59)

The Chinese mainland's trade with Hong Kong totaled US$160.35 billion in the first half of 2014, down 22.4 percent year on year, the Ministry of Commerce announced on Wednesday.
The figure accounted for 7.9 percent of the mainland's total overseas trade in the first half, the ministry's figures show.
The mainland's exports to Hong Kong hit US$154.76 billion, a sharp decrease of 22.1 percent year on year, while the mainland's imports from the region dropped 29.5 percent to US$5.59 billion.
In June, trade between the mainland and Hong Kong stood at US$28.3 billion, down 0.9 percent from May.
Hong Kong is the mainland's fourth-largest trade partner and third-largest export market, according to the ministry.
The mainland approved 5,505 Hong Kong-invested projects from January to June in 2013, with the actual use of Hong Kong capital reaching US$41.43 billion, up 12.6 percent from the same period of last year. --Xinhua