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New, high-tech products trade grows 21%

(Xinhua)
Updated: 2007-05-31 16:08

China's foreign trade in new and high-tech products increased by 20.9 percent over the first four months of this year compared with the previous year's level, theMinistry of Commercesaid on Thursday.

Related readings:  High-Tech Expo highlights Beijing More high-tech imports to reduce trade surplus  Bush clears way for high-tech goods to China  Trade surplus to exceed US$250b in 2007

The trade volume amounted to US$187.7 billion from January to April, or 29.5 percent of China's total external trade.

The export value of new and high-tech products went up 25.1 percent to US$101.5 billion, or 29 percent of the nation's total exports, and import value up 16.4 percent to US$86.3 billion, or 30.1 percent of the total.

Meanwhile, import and export of machinery and electronics grew at slower rates in the four-month period.

Foreign trade of such products amounted to US$350.3 billion, or 55.1 percent of China's total external trade volume.

Exports went up 27.4 percent to US$202 billion, and the growth rate was 5.2 percent lower. Imports rose 14.6 percent to US$148.3 billion, and the growth rate was 14 percent slower.