China, EU trade increases 23.3 percent

Thursday, 13 October 2005 09:15:00 (GMT+3)   |  
       

China, EU trade increases 23.3 percent

The bilateral trade between China and the European Union (EU) rose 23.3 year on year in the first nine months of 2005. China's General Administration of Customs disclosed that the bilateral trade between China and EU reached $157.79 billion during the January-September 2005 period. China's bilateral trade with the US rose 25.6 percent year on year to $153.5 billion during the same period. Japan remains China's third largest trade partner with a trade volume of $134.6 billion, up 10.5 percent year on year. The trade volumes of Hong Kong and the Asian Free Trade Area (AFTA) with China reached $94.7 billion and $94.5 billion respectively, in the first nine months of the year. Customs statistics indicated that Guangdong and Jiangsu provinces and Shanghai ranked the top three among all regions in China in terms of import and export value.

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