Import and Export Growth Significantly Dropped

China's foreign trade in Novembei 2014

According to Customs figures，China's total import and export inNovember last year reached 2.2681trillion yuan， down 0.3% year on year(the same below). Export was l.3014trillion yuan， up 4.9%， and import0.9666 trillion yuan， down 6.5%. Tradesurplus was 334.8 billion yuan， up60.5%. In terms of the U.S. dollar， thetotal import and export in September2014 reached US$368.85 billion，down 0.5%， among which， export wasUS$211.66 billion， up 4.7%， and importUS$157.19 billion， down 6.7%; tradesurplus was US$54.47 billion， up 61.4%.The main characteristics offoreign tradein November last year are as follows:

1. Export kept a rapid growth.In terms of the U.S. dollar inNovember， export of mechanical andelectrical products realized US$122.7billion， up 3.9%， and export of high-tech products realized US$65.5billion， up 2.5%.

2. Export with emergingcountries maintained a rapid growth.In November 2014， export with India，ASEAN and South Africa was up24.5%， 14.3% and 7% respectively，accounting for 15.2% of the nationaltotal and contributing 45.2% to thegrowth of export. Import and exportwith the US and Hong Kong bothwas up 2.2%， import and export withthe EU was basically the same withlast year， the growth was down 4.4%，20.4% and 6.1% respectively. Importand export with Japan was down 6.7%，withering for four months.

3. Central China kept a rapidgrowth. In November 2014， the importand export of Central China reachedUS$31.9 billion， up 15%， keeping adouble----digit growth rate for fourmonths. The import and export ofEast China reached US$308.8 billion，down l.9%. The import and export ofWestern China accounted for US$28.1billion， down l.6%， which is the lowestgrowth since June， 2013.

4. Processing trade grewslightly， while other trade keptdepressed. In November， 2014， importand export of processing trade reachedUS$130.4 billion， up 2.5%. Import andexport of other trade was US$46.3，down 7.5%， which decreased by 15.9 percent compared to last month. Importand export of general trade reachedUS$192.1 billion， down 0.6%.

Foreign Investment in China

In January-September， 2014，a total of 21，296 foreign-fundedenterprises were approved， up 4.2% yearon year. Actually utilized FDI reachedUS$106.24 billion (equivalent t0 654.5billion yuan)， up 0.7% year on year(excluding data of banking， securitiesand insurance). In November 2014，2，057 foreign-funded enterprises wereapproved， down 9.4% year on year; andactually utilized foreign capital wasUS$10.36 billion (equivalent t0 63.78billion yuan)， up 22.2% year on year.The main characteristics of foreigninvestment in January-November are asfollows:

1. Utilized FDI in the servicesector maintained fast growth. InJanuary-November， 2014， utilize dFDI in the service sector registeredUS$58.55 billion， up 7.9% year onyear， accounting for 55.1% of thenational total， of which， utilizedFDI in the distribution serviceindustry and transportation serviceindustry took a larger percentageand reached US$7.02 billion andUS$3.63 billion respectively. UtilizedFDI in agriculture， forestry， animalhusbandry and fishery amounted toUS$1.48 billion， down 5.5% yearon year， accounting for l.4% ofthe national total. Utilized FDI inmanufacturing was US$35.93 billion，down 13.3% year on year， accountingfor 33.8% of the national total， ofwhich， utilized FDI in electronicequipment manufacturing includingtelecommunications equipmentand computers， transportationequipment manufacturing， andgeneral equipment manufacturingtook a larger percentage and reachedUS$5.42 billion， US$3.62 billion andUS$2.72 billion respectively.

2. Investment from majorcountries and regions maintainedsteady growth. For the first elevenmonths last year， actual FDI in theChinese mainland from top 10 investors(Hong Kong， Taiwan， Singapore，the ROK， Japan， the U.S.， Germany，the UK， France and the Netherlands)amounted to US$100.01 billion.accounting for 94.1% of the total， up l.9%year on year. Investment from the ROKand the UK reached US$3.59 billionand US$1.25 billion respectively， up22.9% and 28% respectively year on year.Investment from Japan reached US$4.08billion， down 39.7%. Investment fromthe US was US$2.46 billion， down22.2%. Besides， investment from theEU and ASEAN decreased by 9.8% and23.% respectively.

3. Utilized FDI in Central Chinaenjoyed a good momentum. In January-November last year， utilized FDI in EastChina was US$88.53 billion， up 0.4% yearon year， utilized FDI in Central Chinawas US$10.16 billion， up 10.4% year onyear， and utilized FDI in Western Chinawas US$7.56 billion， down 7.2% year onyear.Overseas investment and economic cooperation

Direct investment abroad

From January to November lastyear， Chinese investors made directinvestment in 5，402 businesses in153 countries and regions， with acombined investment of US$89.8billion (equivalent to RMB 551.82billion)， increased by 11.9%. InNovember 2014 alone， the non-financial direct investment reachedUS$7.92 billion (equivalent to RMB48.67 billion)， down 26.1% year onyear. By the end of November， China'snon-financial direct investmentoverseas totaled US$633.2 billion(equivalent to RMB 3.89 trillion).

In January-November last year， theChinese mainland's investment in sevenmajor economies， namely Hong Kong，ASEAN， the EU， Australia， the U.S.，Russia and Japan， reached US$67.16billion， taking up 74.8% of the totalforeign direct investment during the sameperiod. Investment in Hong Kong was up13.3% year on year. Investment in the EUand Japan increased by 195% and 80%.Investment in the U.S. reached US$4.64billion， up 27.1% year on year. Investmentin Australia and ASEAN decreased by29.8% and 3.8%. Investment in Russiawas down 76.7%， which was deeplyaffeaed by major projects in 2013.

In January-November last year，direct investment overseas by localenterprises reached US$37.11 billion，accounting for 41.3% with an increase of33.6% year on year. Guangdong， Beijingand Shandong were the top three.

Contracted projects overseas

From January to Novemberlast year， the turnover of China'scontracted projects overseas amountedto RMB745.39 billion， equivalentto US$121.3 billion， up 10.6% yearon year. The value of new-signedcontracts was RMB989.22 billion，equivalent to US$160.98 billion， up12.5% year on year. The projects eachwith a contract value of over US$50million were 550 (12 more than lastyear's 538)， with a total contract valueof US$132.67 billion， taking up 82.4%of the total value of newly-signedcontracts. The projects each with acontract value of US$100 million ormore were 302.8 less than that in thesame period oflast year.

By the end of November last year，the turnover of China's contractedprojects overseas reached US$1.33trillion， the completed turnover wasUS$914.06 billion.

Labor service cooperationoverseas

From January to November lastyear， labor service personnel dispatchedoverseas reached 498，000， an increaseof 63，000 0ver the same period of2013 and up 14.5% year on year.Labor service personnel sent abroadfor contracted projects were 241，000，and those for labor cooperation projectswere 257，000. In November 2014，all labor service personnel dispatchedoverseas reached 50，000， an increase of3，000 0ver the same period of2013. Bythe end of November 2014， all laborservice personnel dispatched overseaswere l，005，000， an increase of 90，000compared with that at the end ofNovember 2013.

By the end of November 2014，labor service personnel dispatchedoverseas amounted t0 7.42 million.

(Source: Press Conference ofMinistry of Commerce on December16， 2014)