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Source: MOFTEC |
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| China's Domestic Demand Boosts Asia's Economy
Although the global economy and international markets have been slackening in recent years, exports from major Asian countries and regions to China are still rising. According to Chinese customs statistics, the exports of Japan, Malaysia, the Philippines, Singapore, the Republic of Korea, Thailand and Hong Kong to the Chinese mainland in 2000 respectively surged more than 20 percent over the previous year. During the first quarter of this year, their exports to the Chinese mainland again rose more than 10 percent year on year, with the Philippines hitting a new high of 72 percent.
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