The policy of refund of collection of import value-added tax shall be applied to 55 kinds of raw materials and media of pesticide in 2003, and see the appendix for the product names and quantities.

2003年度对55种进口农药原料及中间体实行进口环节增值税先征后返政策，具体产品名称及数量见附件。

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Copper has more than doubled as a share of total import value during this time as well.

FORBES: First-Quarter Trade Deficit Highlights China's Delicate Balancing Act

The fact that a 21 percent increase in the value of the Yuan was met with a 38.7 percent increase in import value means that the quantity of Chinese imports demanded increased by nearly 15 percent after the price change.

FORBES: Economists Ignore the Facts in Supporting Chinese Currency Legislation

In other words, if the price of Chinese goods to American consumers increased by 21 percent (on average) and Americans reduced their consumption of Chinese goods by less than 21 percent, then demand would be considered inelastic, the price effect would dominate, and total import value would rise (adding to the trade deficit).

FORBES: Economists Ignore the Facts in Supporting Chinese Currency Legislation