China's trade in electronic information products climbed 23.5 percent year-on-year in 2007 to 804.7 billion U.S. dollars, according to the Ministry of Information Industry (MOII).

 

The rate was 9.8 percentage points lower than in 2006, the MOII said in a statement posted on its web site on Tuesday.

 

Exports rose by 26.3 percent to 459.5 billion U.S. dollars and imports jumped 20 percent to 345.2 billion U.S. dollars. These totals accounted for 37.7 percent and 36.1 percent, respectively, of China's total exports and imports.

 

Enterprises with foreign financing contributed significantly to the industry's trade. Solely foreign-funded companies and Sino-foreign joint ventures accounted for 83.6 percent of the total exports. Further, processing trade remained the chief type of trade.

 

(Xinhua News Agency January 30, 2008)