| Economic and Trade Exchanges between the Inland and Macao in 2007 |
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| 2008-02-22 09:13 MOFCOM |
1, Trade between the two sides
Trade volume between the Inland and Macao amounted to US$2.92 billion in 2007, up by 19.8% year on year, out of which the export to Macao hit US$2.64 billion, up by 21%, and import from Macao hit US$280 million, up by 7.7%.
2. Absorption of Macao’s investment
856 Macao-invested projects were approved by the Inland in 2007, down by 1.4% year on year, with Macao’s investment in actual use of US$640 million, down by 6%. By the end of December 2007, the Macao-invested projects approved by the Inland totaled 11,553, with US$7.65 billion investment in actual use. According to the statistics on the foreign investment in actual use, Macao’s investment accounted for 1% of the accumulative overseas investments absorbed by China.
3.Foreign economic cooperation
In 2007, the number of Inland’s outbound contract projects, labor service and design consulting contracts in Macao totaled 5,698, the contract value reached US$1.51 billion, and the copleted business volume amounted to US$1.44 billion. By the end of December 2007, the number of personnel dispatched to Macao had reached 45,089, and the completed sales value of the Inland had amounted to US$7.94 billion.
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