Export Rebate Rates of 3486 Commodities to Rise - China more than doubles ship exports in 1st 7 months
- China's Total Trade Volume in Imports and Exports Accounted for 7.7% and Ranked the Third of the World
- China and Singapore signed a Free Trade Agreement
- New Foreign-Invested Enterprises or Foreign-Invested Enterprises with Increase of Capital Approved by the MOFCOM
- The situation of attacting foreign direct investment of China from January to July of 2008
- China-NZ free trade agreement bill passed in parliament
- Foreign Capita Intensively Invested in Shanghai Modern Service
- China's coal exports surge in June
- Foreign Headquarter Economic Organizations Settled in Shanghai Had Reached 612 by the End of March
- Australia锛欳hina becomes largest trading partner of Australia
- World Bank Believes China Now the 2nd Largest Economy
- Some 200 German Enterprises Settled in China Every Year(2008-02-13)
- Fourth China-ASEAN Expo opens in Nanning(2007-10-28)
- Foreign investment in China up 12.8% in Jan.-Aug. (2007-9-14)
- Top 500 Enterprises 2007 take up 84% of GDP (2007-09-05)
- City absorbs more overseas investment (2007-08-23)
China more than doubles ship exports in 1st 7 months
The exports were valued at 10.58 billion U.S. dollars, up 61.6 percent, according to the General Administration of Customs.
The administration attributed the growth to the nation's comparative advantages in labor cost, ship building technology and infrastructure for the business.
The total export value included 3.49 billion U.S. dollars for container vessels, up 81.7 percent, 2.84 billion dollars for liquid cargo ships, up 53.3 percent, and 2.04 billion dollars for bulk cargo ships, up 54.6 percent. The three categories combined to account for 79.2 percent of the total ship export value.
Nearly 90 percent of the exports were achieved through processing trade.
Of the total export value, 63.4 percent, or 6.71 billion U.S. dollars was earned by state-owned enterprises, up 35.9 percent. Foreign-funded and private businesses recorded export value of 2.28 billion dollars and 1.24 billion dollars, respectively, up 150 percent and 170 percent.
The European Union, ASEAN members and