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Beijing Sees 40% Foreign Trade Rise
The export volume of Beijing amounted to US$4.627 billion in 2000, up 41.8 percent over the year before, representing a record high.
According to information released by Beijing Municipal Economic and Trade Commission, the import and export of enterprises under the Beijing municipal government totaled US$11.65 billion, up 38.8 percent from the corresponding period. Of which, import accounted for US$7.02 billion, up 36.8 percent; export increased by US$1.37 billion, above the accumulative increase in the first four years of the Ninth "Five-Year Plan" period (1996-2000).
The overall import and export during the Ninth Five-Year Plan" period were valued at US$37.766 billion, an increase of 88.7 percent over the total of the Eighth Five-year Plan period, with the average annual growth higher than the national average.
In terms of all enterprises under the jurisdiction of Beijing, the total value of import and export in 2000 stood at US$49.62 billion, up more than 40 percent over the previous year. Of the total, US$11.97 billion went to exports, and US$37.65 billion to imports, respective increases of 20.8 percent and 54 percent.
Last year, the structure of exported goods from Beijing was further improved. Exports of electromechanical and high-tech products all set new heights. The export of machinery and electronic products reached US$2.6 billion, up 91 percent, accounting for 56 percent of Beijing's export total. In the first 11 months of last year, the export value of high-tech products rose to US$1.66 billion, several times over the preceding year.
By PD Online staff member Yin Zhili
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