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Mainland-HK trade drops in Q1

Source: Xinhua| 2017-05-19 14:24:16|Editor: Hou Qiang
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BEIJING, May 19 (Xinhua) -- The Chinese mainland's trade with Hong Kong totaled 59.42 billion U.S. dollars in the first quarter of 2017, down 2.5 percent year on year, according to the Ministry of Commerce.

The mainland's exports to Hong Kong hit 57.73 billion U.S. dollars, an increase of 0.9 percent year on year, while the mainland's imports from the region saw a sharp drop of 54.6 percent to 1.69 billion U.S. dollars.

Hong Kong is the mainland's sixth-largest trade partner and fourth-largest export market, according to the ministry.

The mainland approved 2,954 Hong Kong-invested projects from January to March this year, with the actual use of Hong Kong capital reaching 23.51 billion U.S. dollars, up 19.6 percent from the same period of last year.

As of the end of March, the mainland had approved 401,920 Hong Kong-invested projects, with the actual use of Hong Kong capital reaching 938.3 billion U.S. dollars, accounting for 52.1 percent of the total overseas investment in the mainland.