Data Watch on China’s Foreign Trade and Investment in H1 of 2012.docVIP

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Data Watch on China’s Foreign Trade and Investment in H1 of 2012.doc

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Data Watch on China’s Foreign Trade and Investment in H1 of 2012

Data Watch on China?s Foreign Trade and Investment in H1 of 2012 China?s foreign trade in the first half of 2012 According to statistics of the Customs, China?s exports and imports in the first six months of 2012 reached$1.83984 trillion, up by 8.0% over the same period of last year. Specifically, exports stood at $954.38 billion, up by 9.2% year on year; imports $885.46 billion, up by 6.7%. The six months saw a trade surplus of $68.91 billion with an increase of 56.4%. Significant increase in exports of mechanical and electrical products; optimization in commodity structure of exports. In the first six months of the year, China exported$550.25 billion worth of mechanical and electrical products, 10.5% higher than that of last year, 1.3 percentage points higher than the growth rate of the nation?s total exports, which accounted for 57.7% of the total export value. In specific, the exports of mobile phones and integrated circuits increased 23.9% and 18.6% respectively. During the past half year of 2012, the exports of “resource-independent”products presented a decline of 3.8%, with a total amount of $43.84 billion. Steady increase of the expansion rate of exports under the general trade; downturn of processing trade imports. From January to June of this year, China?s exports value under the general trade increased by 10.1% year on year to $460.58 billion, which boosted the exports growth by 4.8 percentage points higher, while imports value under the general trade increased by 7.8% to $514.52 billion. China?s exports value in processing trade rose by 6.4% to $415.27 billion, while the imports value only increased 0.7% to$227.88 billion, the increase speed of which had been still dropping since the second quarter of the year 2011, accounting for 25.7% of the total imports value, and 1.6 percentage points lower over the same period of last year. Significant increase in foreign trade by private enterprises. During the last six months, the export and import