North China's Inner Mongolia Autonomous Region has experienced
leaps in foreign trade since 1978 when China started to open up 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.
(Xinhua News Agency August 9, 2007)