CHINA
From Times Staff and Wire Reports
Machinery, Electronics Imports Soar: The flood of foreign investment into China last year drove up the country’s imports of machinery and electronics by 37.9% to $34.89 billion, the China Daily reported. The paper said foreign investment ventures accounted for $9.23 billion of the import volume. These foreign concerns and Chinese companies exported plenty of machinery and electronics abroad, mainly to the United States. Exports surged 37% to $19.55 billion in these product categories.
