Imports and exports of foreign-invested enterprises in China have grown for nine consecutive quarters, according to data released by the General Administration of Customs (GAC) on Tuesday.
More foreign-invested firms are increasing their investments in China, GAC said at a press conference in Beijing on Tuesday.
"In the first half of this year, imports and exports of foreign-invested enterprises in China totaled 7.39 trillion yuan (about 1.1 trillion U.S. dollars), up 17.1 percent year on year. Data from the Ministry of Commerce show that nearly 4,000 such enterprises increased their investments in China in the first five months of this year. In the first half of the year, both imports and exports of foreign-invested enterprises registered double-digit growth, and the number of such enterprises with import and export records increased by nearly 1,000 year on year. In the first half pf the year, bonded R&D imports and exports of foreign-invested enterprises grew by 15 percent, accounting for nearly 80 percent of China's total in this category. In sectors of electronic information and new materials, imports and exports of foreign-invested enterprises grew by 57.4 percent and 21.4 percent, respectively," said Lyu Daliang, GAC spokesman and director of the GAC's Department of Statistics and Analysis.
Foreign-invested firms' trade grows for 9 consecutive quarters
