Shanghai's Pudong Reports Drastic Rise in Import

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Last updated at: (Beijing Time) Tuesday, February 26, 2002

Shanghai's Pudong Reports Drastic Rise in Import

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Pudong New District, a risingeconomic powerhouse in east China's Shanghai Municipality, did 1.44 billion U.S. dollars worth of import in the first month of thisyear, up 51.6 percent from January last year.

Sources from the Pudong Customshouse said that in the past month, overseas financed businesses imported 867 million U.S. dollars worth of commodities, while state-owned enterprises imported 571 million U.S. dollars worth of commodities.

Some 72 percent of the imported commodities are high-tech ones,including machinery and electronic products, integrated circuits, microelectronic components, automatic data treatment equipment andcomponents.

During the same period, the district exported 840 million U.S. dollars worth of commodities, up 4 percent. Most of the exports were done by state-owned companies and overseas backed businesses in the district.

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