Shanghai, an economic center in east China, exported 58.4 billion US dollars worth of goods in the first eight months of this year, representing a year-on-year growth of 26.9 percent, local customs house said.

Arrivals in Shanghai stood at 60.6 billion US dollars worth in the eight-month period, up 7.5 percent over the year-earlier level.

Customs officials said the appreciation of Renminbi had little impact on Shanghai's foreign trade, of which more than 50 percent was processing trade. In another development, foreign direct investment, or FDI, in Shanghai amounted to 9.7 billion US dollars in the first eight months, a year-on-year growth of 18.3 percent. The growth rate was 2.8 percentage points higher than the Jan.-Jun. level. Between January and August, the city actually used 5.1 billion US dollars of foreign capital, up 5.4 percent. The growth rate was 4.6 percentage points higher than the Jan.-Jun. level.

Source: Xinhua