Taiwan enjoys ballooning trade surplus with mainland
(Xinhua)
Updated: 2006-11-28 15:49
Taiwan had a US$54.11 billion trade surplus with China's mainland in the
first ten months of the year, according to the Taiwan, Hong Kong and Macao
Department of the Ministry of Commerce.
The mainland exported US$16.96
billion worth of products to Taiwan from January to October, a rise of 27.1
percent over the same 2005 period, while import from Taiwan totaled US$71.07
billion, up 18.9 percent.
The trade surplus for Taiwan in
January-October rose 16.6 percent over the same period of last year.
According to the ministry, the mainland approved 2,932 Taiwan-funded
projects in the first ten months, down 6.6 percent from the same period last
year. Actual use of Taiwan capital slipped 1.2 percent to US$1.7 billion in this
period.
As of the end of October, a total of 71,027 Taiwan-funded
projects were approved by the mainland, while the total actual use of Taiwan
capital reached US$43.46 billion.
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