Chinese language - Inner Mongolia witnesses growing foreign trade

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BIZCHINA / Center

Inner Mongolia witnesses growing foreign trade

(Xinhua)
Updated: 2007-08-09 11:08

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 US$5.95 billion of imports and exports last year, compared
with US$16 million 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 US$580 million and US$2.29 billion 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.

(For more biz stories, please visit Industry Updates)

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