Shanghai's Booming District Posts 22 Percent Growth in Foreign Trade

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Last updated at: (Beijing Time) Friday, November 30, 2001

Shanghai's Booming District Posts 22 Percent Growth in Foreign Trade

The booming high-tech industrial and financial district of Pudong in Shanghai, China's leading industrial, business and shipping center, has registered a 22-percent increase in foreign trade during the January-October period.

The latest customs statistics show that Pudong imported and exported 24.98 billion U.S. dollars during the first 10 months of this year, including 15.5 billion U.S. dollars in import and 9.48 billion U.S. dollars in export.

Of all the imports, machinery and electronic products were worth 9.86 billion U.S. dollars, integrated circuit and microelectronics parts were valued at 1.39 billion U.S. dollars, and automatic data processing equipment and parts totaled 720 million U.S. dollars in value, up 30 percent, 42 percent and 30 percent over the same period of last year, respectively.

The district exported 5.42 billion U.S. dollars-worth of machinery and electronic products, 2.3 billion U.S. dollars worth of garment and other textile products during the period, an year-on-year increase of 36 percent and 14 percent, respectively.

Overseas-funded companies contributed 4.74 billion U.S. dollarsin export during the period, about half of the district's total.

Shanghai's Pudong Reports Foreign Trade Surge