Explanatory Notes on Main Statistical Indicators

Total Imports and Exports at Customs refer to the real value of commodities imported and exported across the border of China. They include the actual imports and exports through foreign trade, imported and exported goods under the processing and assembling trades and materials, supplies and gifts as aid given gratis between governments and by the United Nations and other international organizations, and contributions donated by overseas Chinese, compatriots in Hong Kong and Macao and Chinese with foreign citizenship, leasing commodities owned by tenant at the expiration of leasing period, the imported and exported commodities processed with imported materials, commodities trading in border areas (excluding mutual exchange goods), the imported and exported commodities and articles for public use of the Sino-foreign joint ventures, cooperative enterprises and ventures with sole foreign investment. Also included is import or export of samples and advertising goods for which CIF or FOB value are beyond the permitted ceiling (excluding goods of no trading or use value and free commodities for export), imported goods sold in China from bonded warehouses and other imported or exported goods. The indicator of the total imports and exports at customs can be used to observe the total size of external trade in a country. In accordance with the stipulation of the Chinese government, imports are calculated at CIF, while exports are calculated at FOB.

Import or Export Value by Location of China’s Foreign Trade Managing Units refers to actual value of imports and exports carried out by corporations which have been registered by the local Customs house and are vested with right to run import export business.

Import Value of Commodities by Place of Destination and Export Value of Commodities by Place of Origin in China The former indicator refers to the value of import commodities of the places of their consumption, utilization or the places of their final destination. The latter indicator refers to the value of export commodities of the places of their origin or the places of the commodities dispatched.

Foreign Direct Investment refers to the investments inside China by foreign enterprises and economic organizations or individuals (including overseas Chinese, compatriots from Hong Kong, Macao and Taiwan, and Chinese enterprises registered abroad), following the relevant policies and laws of China, for the establishment of ventures exclusively with foreign own investment, Sino-foreign joint ventures and cooperative enterprises or for co-operative exploration of resources with enterprises or economic organizations in China. It includes the re- investment of the foreign entrepreneurs with the profits gained from the investment and the funds that enterprises borrow from abroad in the total investment of projects which are approved by the relevant department of the government.

Other Foreign Investment refers to all forms of utilization of foreign capitals other than foreign borrowings and foreign direct investment. It includes the total value of stock shares in foreign currencies issued by enterprises at domestic or foreign stock exchanges, rent payable for the imported equipment through international leasing arrangement, cost of imported equipment, technology and materials provided by foreign counterparts in compensation trade and processing and assembly trade.

Overseas Direct Investment refers to investment made by domestic enterprises and organizations (referred to as domestic investors) in foreign countries and Hong Kong SAR, Macao SAR and Taiwan province in forms of cash, physical investment and intangible assets, and the economic activities centring on operation and management of those enterprises are under the control of domestic investors.The content of overseas direct investment mainly reflects one economic entity by investing in another economic entity to achieve its goal of lasting interest.

Overseas Contracted Project refers to in accordance with the international common practice, domestic corporates or other economic organizations contract and implement construction projects in foreign countries, Hong Kong SAR, Macao SAR and Taiwan province including reconnaissance, design, construction, supervision, purchasing of equipment and materials, installation and testing, engineering consulting and project management.

Overseas Labour Services refer to domestic corporates which signed contracts with overseas corporations, intermediary agencies and private employers which are allowed to recruit or hire foreign labour forces, they will send Chinese citizens to go abroad to provide labour services to foreign employers through organized recruitment and selection according to the signed contracts and relevant management activities.