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Cross-Straits trade down 35% in first seven months

(Xinhua)
Updated: 2009-08-18 14:12

Trade volume between the Chinese mainland and Taiwan dropped 35.1 percent year-on-year during the first seven months of 2009, according to the Ministry of Commerce (MOC).

Related readings:  Mainland delegation on shopping spree in Taiwan  Mainland would consider trade pact to help Taiwan  Mainland is economic lifeline for Taiwan  Mainland trade with Taiwan to keep good momentum

Trade volume stood at $52.53 billion during the January-July period, according to statistics of the MOC's Department of Taiwan, Hong Kong and Macao Affairs.

In the first seven months, the Chinese mainland approved 1,335 projects funded by businessmen from Taiwan, representing a decrease of 3.3 percent year-on-year.

The mainland received $1 billion of direct investment from Taiwan in the first seven months, down 14.9 percent year-on-year.