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Sunday, April 3, 2016, 12:55

Mainland-HK trade down 10% in first 2 months

By Xinhua

Mainland-HK trade down 10% in first 2 months
This picture taken on July 8, 2014 shows workers standing on a pier by a cargo ship in Qingdao, east China's Shandong province. (CHINA OUT AFP PHOTO)

BEIJING Xinhua - Trade between the Chinese mainland and the Hong Kong Special Administrative Region (HKSAR) totaled US$39.3 billion in the first two months of this year, down 10.5 percent year on year.

Statistics from the Ministry of Commerce (MOC) showed that mainland-Hong Kong trade during the period accounted for 7.7 percent of the mainland's total overseas trade volume.

The figures revealed that while mainland exports to Hong Kong have decreased by 13.1 percent, its imports from the SAR surged by 78 percent on a year-on-year basis.

The number of projects the mainland has approved for investment from Hong Kong as well as the actual use of Hong Kong investment also declined by more than 20 percent.

In terms of actual use of investment, Hong Kong accounted for 50.8 percent of total overseas investment in the mainland as of the end of February, according to the MOC.

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