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Hong Kong remains No. 1 overseas investor on mainland

(Xinhua)
Updated: 2007-09-08 14:32

Hong Kong maintained its position as the biggest overseas investor on the Chinese mainland in the first seven months of the year, according to the latest statistics from the Ministry of Commerce.

In the January-July period, Hong Kong invested US$12.3 billion on the mainland, up 20 percent from a year earlier, involving 8,782 projects.

Hong Kong had invested an accumulative US$292.1 billion on the mainland by the end of July, taking a 40-percent share in the total investment the mainland had received from overseas since 1978.

The mainland's exports to Hong Kong in the first seven months surged 23.9 percent to US$99 billion, while imports rose 14.2 percent to US$6.8 billion.

Meanwhile, the mainland saw the number of its Macao-invested projects increase 16 percent to 514, with investment value rising 15.9 percent to US$4 million.

The mainland's exports to Macao rose 23 percent to US$1.47 billion, while imports were down by 7.4 percent to US$150 million.