Date
23 July 2018

Arbitrage lifts mainland-HK trade, CNS says

Trade between Hong Kong and mainland China rose 25 percent in the nine months to September from the previous year, China News Service reported Saturday, citing General Administration of Customs spokesman Zheng Yaosheng. The growth was driven by increased exports from China and arbitrage during the first four months of the year, the report said. Bilateral trade between China and the United States was US$379.1 billion during period, up 6.7 percent year on year. Exports grew 3 percent to US$265.95 billion while imports increased 16.3 percent to US$113.15 billion. China’s trade surplus to the US narrowed 5 percent to US$152.8 billion, the report said.

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