Pudong Sees 15 Percent Trade Growth

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Last updated at: (Beijing Time) Tuesday, August 20, 2002

Pudong Sees 15 Percent Trade Growth

Pudong New District in Shanghai has reported a 15 percent growth in foreign trade to 19.33 billion US dollars during the first seven months of this year, customs figures show.

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Pudong New District in Shanghai has reported a 15 percent growth in foreign trade to 19.33 billion US dollars during the first seven months of this year, customs figures show.

The district imported 11.98 billion dollars worth of goods during the period, up 15.7 percent, while exports reached 7.35 billion dollars, a rise of 13.8 percent.

Foreign-funded firms in the district accounted for about 60 percent of imports in Pudong, or 7.18 billion dollars. Imports by state-owned firms, meanwhile, totaled 4.72 billion dollars, up 20.3 percent.

State-owned firms in Pudong exported 3.57 billion dollars, or 48.6 percent of the total, up 14.3 percent, while foreign-funded firms contributed 50.5 percent of the exports in the district, about 3.72 billion dollars, up 12.6 percent.

Japan remained the biggest trading partner for the district with the trade volume for the seven months totaling 3.69 billion dollars, including 1.24 billion dollars in exports.

The United States and Germany were the biggest trading partnersafter Japan, with trade volumes standing at 3.31 billion dollars and 1.62 billion dollars respectively.

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