| Last updated at: (Beijing Time) Saturday, November 17, 2001 |
China's Leading Foreign Trade Player Reports Slight Import, Export Rises |
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Guangdong Province, which leads China in foreign trade, earned 144.32 billion U.S. dollars in imports and exports in the first ten months of the year, up 3.4 percent from the same period last year.
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Guangdong Province, which leads China in foreign trade, earned 144.32 billion U.S. dollars in imports and exports in the first ten months of the year, up 3.4 percent from the same period last year.
The province's imports and exports account for 34.5 percent of the country's total, said local customs sources.
Of the total, exports made up 77.71 billion U.S. dollars, up 2. 2 percent, while imports were 66.61 billion U.S. dollars, a rise of 4.8 percent.
Exports are mainly from the processing trade. Overseas financed businesses, state-owned enterprises, and collectively-owned businesses, as well as private companies are the province's main exporters.
Overseas financed companies exported 44.18 billion U.S. dollars worth of commodities from January to October, accounting for 56.9 percent of the province's total.
While exports of machinery, electronic products and high-tech commodities continued to rise, exports of traditional labor- intensive commodities such as textiles and garments, footwear, toys and plastic products were falling.
General trade imports rose drastically, but growth of processing trade imports slowed down.
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