Mainland-Macao trade volume rises 5.5 pct

2019-12-06 08:45:49Xinhua Editor : Gu Liping ECNS App Download
Special: 20th Anniversary of Macao Return to Motherland

The trade volume between the Chinese mainland and Macao Special Administrative Region (SAR) amounted to 17.59 billion yuan (about 2.5 billion U.S. dollars) during the first 10 months of the year, up 5.5 percent year on year.

Economic and trade cooperation between the mainland and Macao has strengthened significantly since Macao's return to the motherland in 1999, spokesman for the Ministry of Commerce Gao Feng said at a regular press conference.

In 2018, the trade volume between the mainland and Macao hit 3.16 billion dollars, more than quadrupling the level seen in 1999. Investment from Macao reached 1.28 billion dollars last year, up more than 300 percent from 1999.

The mainland and Macao have made substantial progress in liberalizing trade in goods and services as well as facilitating trade and investment since the Mainland and Macao Closer Economic Partnership Arrangement was signed in 2003.

"We will continue to work closely with the SAR government to promote Macao's economic diversity, support Macao in integrating into the nation's overall development and push for Macao's long-term prosperity and stability," Gao said.


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