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Shanghai's Pudong Reports High Growth in Imports
mports of Shanghai's Pudong New Area, an emerging financial and trade zone set up in the early 1990s, topped 4.08 billion US dollars in the first four months of the year, an increase of 113.9 percent from the same period last year.
More than 67 percent of imports were done by overseas-funded enterprises in the area, including Shanghai General Motors, a Sino- US joint venture, which imported 147 million US dollars of automobile parts, a year-on-year surge of 781.9 percent.
About 846 million US dollars of imports came from Japan from January to April, an increase of 127.1 percent.
Meanwhile, the area garnered a total of 2.34 billion US dollars from exports, up 33.6 percent.
Major export commodities included machinery and electrical equipment, clothing, and electronic products.
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