Approachina Biz Flash >> General News

China's central bank pledges to prevent economy from overheating
Updated: 2007-08-09

North China's Inner Mongolia Autonomous Region has experienced leaps in foreign trade since 1978 when China started to open to the outside world.

It chalked up 5.95 billion US dollars of imports and exports last year, compared with 16 million US dollars in 1978 when China embarked on the road of reform and opening-up, according to statistics of the region's commerce department.

Trade with Mongolia and Russia rose by 57.9 percent and 30.5 percent year-on-year to 580 million US dollars and 2.29 billion US dollars respectively last year.

China shares a 4,221-km-long borderline with Mongolia and Russia in Inner Mongolia, which has opened 18 border trade outlets. Top border trade outlets include Erenhot, Manzhouli and Ceke.

Manzhouli, situated on the Sino-Russian Border, now does 60 percent of the country's Sino-Russian bilateral trade by land.

According to the region's commerce department, Inner Mongolia does 40 percent of the country's foreign trade with Mongolia.

£¨Source: Xinhua£©
Partnerships:
¡¡¡¡¡¡¡¡

Copyright (C) 2002-2005 ApproaChina, All Rights Reserved