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China's foreign trade dropped slightly in October on a year-on-year basis following the September 11 terrorist attacks in the United States, marking another drop since June, Wednesday's China Daily reports.
Total foreign trade volume last month reached 41.7 billion US
dollars, a drop of 0.1 percent. October exports totaled 22.8 billion US dollars, up 0.1 percent and imports fell 0.2 percent to 18.9 billion US dollars, according to statistics recently released by the General Administration of Customs (GAC).
Statistics show that exports rose by 7 percent in the first
nine months year-on-year, lower than the 11.3 percent growth year-on-year for the first half.
However, increase during the first half of the year helped the country's foreign trade to reach a total of 417.8 billion US
dollars during the first 10 months, up 7.9 percent.
Officials from GAC said that the growth rate of imports kept
falling from 17.2 percent in the first quarter to 10 percent in
October.
The growth rate of exports to the United States and Japan
plunged during the same period while exports to the European Union soared.
(Xinhua News Agency November 14, 2001)
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