Pudong in Shanghai Reports Soaring Imports

Home>>Business

Last updated at: (Beijing Time) Wednesday, October 23, 2002

Pudong in Shanghai Reports Soaring Imports

Imports from Shanghai's Pudong New District, which is considered one of China's most major economic powerhouses, dwarfed exports to great extent in the first nine months the year.

DISCUSSION

CHINESE

SEND TO FRIEND

Imports from Shanghai's Pudong New District, which is considered one of China's most major economic powerhouses, dwarfed exports to great extent in the first nine months the year.

Local customs statistics show that from January to September, the district imported goods worth 16.625 billion US dollars, which outnumbered the value of exports by 6.7 billion US dollars.

Major imports included electromechanical products, integrated circuits, microelectronic products, and raw plastic products.

In the nine months, state-owned enterprises in the district recorded 6.46 billion US dollars in imports, up 16.4 percent over the same period last year, while foreign-funded enterprises imported 10.057 billion US dollars worth of goods, up 17.4 percent.

Experts attribute the district's steady increase in imports to the growth of domestic demand and a processing trade boosted by the revival of international market.

Japan, the United States and Germany were among the main trading partners for the district.

Trade volume between Pudong and Japan stood at 5.088 billion US dollars in the first nine months, an increase of 16.5 percent. The volume between the district and the United States grew 21 percent to reach 4.539 billion US dollars during the same period.

Questions?Comments? Click here

Pudong Sees 15 Percent Trade Growth

Historic Achievements Gained in China's Science and Technology ( 18 Messages)

Powell Expects Improvement of US-China Relations ( 25 Messages)

China May Have More PhDs Than the US in 2010 ( 3 Messages)

China's Oil Security Faces Tests of War: News Analysis ( 23 Messages)

Economist on China's Sustainable Economic Growth ( 5 Messages)

President Jiang's Trip will Advance Sino-US Ties: Officials ( 6 Messages)