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Foreign Trade Up In Northeast Province
In the first six months of the year, import and export volume of Liaoning Province, an old industrial base in northeast China, amounted to US$ 8.54 billion, up 45.2 percent compared with the same period last year.
The province's contractual foreign investment reached nearly US$ 2 billion during the period, with foreign funds standing at US$ 940 million, up 16 percent and 41 percent, respectively.
Customs figures showed that the province's export structure has been improved and export of industrial products exceeded over 80 percent. Export of garments, shoes, corn, iron and steel, crude oil and finished oil also increased by a big margin.
In the January-June period, Liaoning approved 98 foreign-funded projects each involving a total investment of over US$ 5 million, an increase of 11.6 percent compared with the January- June period in 1999.
Meanwhile, the province's foreign trade and economic cooperation witnessed steady growth. Liaoning signed engineering and labor contracts worth US$ 230 billion during the period.
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