January 22, 2000 
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| January 22, 2000 | atimes.com | |
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| China Japan stays No 1 trading partner BEIJING - Japan, the United States, and the European Union remained China's three top trading partners in 1999, according to figures released by the General Administration of Customs. The remaining seven largest trading partners are Hong Kong, the Association of Southeast Asian Nations (ASEAN), the Republic of Korea, Taiwan, Australia, Russia, and Canada. Japan kept its position as China's largest trading partner with bilateral trade volume reaching $66.2 billion, up 14.3 percent. While China exported $32.4 billion worth of goods to Japan, its imports from Japan hit $33.8 billion, up 19.9 percent. Trade volume between China and the United States grew 12.1 percent to $61.5 billion. China's exports to the US reached $42 billion, up 10.5 percent, and its imports from the US were $19.5 billion, up 14.7 percent. Russia's position on the chart went down one notch, while Australia's rose. China's exports to Russia dropped from $1.84 billion to $1.5 billion, down 18.5 percent. The bilateral trade volume between China and Australia grew 26 percent last year. The total trade volume between China and its top ten partners was a total of $319.5 billion, accounting for 88.6 percent of China's overall trade volume. (Asia Pulse/XIC) | |||||||||
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