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Shanghai Pudong Reports Big Rise in Foreign Trade
Shanghai's Pudong New District reported a year-on-year 55.5 percent rise of foreign trade to reach 12.38 billion US dollars in the first seven months of this year, according to local customs.
Imports rose 71.6 percent to 7.74 billion US dollars and exports grew by 34.4 percent to 4.64 billion US dollars.
General trade accounts for some 43.2 percent of the foreign trade, or 5.34 billion US dollars, a 63 percent rise on a yearly basis.
State-owned enterprises in Pudong earned 2.5 billion US dollars in imports in the seven-month period, up 51 percent from 1999's figure, and 2.45 billion US dollars in exports, up 43.7 percent.
Foreign trade by overseas-funded enterprises in the district was 7.39 billion US dollars, accounting for 67.5 percent of local foreign trade.
Electro-machinery, integrated circuits, micro-electronic components, data-processing equipment and parts contributed 72 percent of the total trade in the seven months.
Japan remains the largest trade partner with Pudong, followed by the US and Germany.
Bilateral trade between Pudong and Japan was 2.55 billion US dollars during the January-July period.
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