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Mainland-Macao trade down 21.3 pct in first half of 2016

Xinhua, August 17, 2016 Adjust font size:

Trade between the Chinese mainland and Macao dropped by 21.3 percent year on year to 1.68 billion U.S. dollars during the first half of 2016, according to figures from the Ministry of Commerce.

The mainland's exports to Macao decreased by 21.3 percent year on year to 1.6 billion U.S. dollars during the first six months. Macao's exports to the mainland were at 80 million U.S. dollars, a decrease of 22 percent year on year, according to the ministry.

Guo Wanda, vice president of the Chinese Association of Hong Kong and Macao Studies, said on Wednesday that less travellers to macao and declining lottery industry caused the decrease of the mainland-Macao trade.

Mainland authorities approved 169 investment projects from Macao entities during the period, with the actual use of Macao capital reaching 540 million U.S. dollars, up 5.4 percent from the same period last year. Endit