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China customs post 22% growth in revenues
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Chinese customs authorities reported Sunday a 22 percent year-on-year rise in revenues in the first nine months, fueled by the country's booming trade.

 

Net revenues rose to 562.4 billion yuan (US$74.99 billion), up from 462 billion yuan in the same period last year, according to the General Administration of Customs.

 

As China tried to expand imports and curb processing trade, imports in non-processing trade surged 24.6 percent year on year to US$309.5 billion in the first nine months, serving as a major contributor to the revenues.

 

From January to September, China's exports rose 27.1 percent to US$878.2 billion, while imports were up 19.1 percent to US$692.6 billion.

 

(Xinhua News Agency October 14, 2007)

 

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