Wednesday, April 12, 2000, updated at 15:47(GMT+8)
Business
Shanghai Pudong Foreign Trade on Rapid Increase
Latest statistics from Shanghai Pudong Customs show that Pudong New Area's foreign trade in the first quarter this year already reaches a total of $4.458 billion, a 76.88% rise over same period last year.
Experts are quoted as saying that rising imports have contributed to an increase of foreign trade in Pudong, thereby indicating the speeding up of development and construction work there.
According to statistics, the volume of imports in the first quarter of the year has amounted to $2.837 billion, 1.28 times over last year and a 101% growth on the basis of a 27% growth of exports.
Among the imports, the five main types of products as machinery, organic chemistry, electric equipment, medical treatment instruments and auto and parts have achieved a respective growth of 74%, 122%, 141%, 179% and 977% for a total worth of $1.743 billion and a percentage of 60% of imports.
Pudong New Area's foreign trade in the first quarter this year already reaches a total of $4.458 billion, a 76.88% rise over same period last year. The volume of imports in the first quarter of the year has amounted to $2.837 billion, 1.28 times over last year and a 101% growth on the basis of a 27% growth of exports.
