Guangdong Scores Major Foreign Trade GrowthGuangdong Province, China's forerunner of reform and opening-up, did US$155 billion worth of foreign trade in the first 11 months of the year.Latest customs statistics show the volume represents a rise of 23.1 percent from the corresponding period last year or accounts for 36 percent of the national foreign trade total. From January to November, the province exported US$84 billion worth of commodities, up 20.6 percent year on year, accomplishing 93.4 percent of its pre-set export target for the year. Customs sources said most of the exports were realized via processing trade, with general trade coming next. Overseas-financed businesses continue to be the province's major exporting force. State-owned foreign trade companies, as well as collectively owned enterprises and private businesses have been playing an increasingly big role. Industry experts predict that the province's export revenue will approach US$92 billion this year, with the annual growth rate estimated at 18 percent, and the province will continue to be the country's No. 1 export player. At the same time, the province also imported US$71 billion worth of commodities, mainly electro-mechanical equipment, crude oil and processed oil products, up 26.3 percent year on year. |
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