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Hi-tech Exports in Shanghai on Rise
The high-technology industry in Shanghai reported a significant growth in exports last year with US$4.8 billion, up 45 percent over 1999.
Thus, the exports from the high-tech industry accounted for 18. 9 percent of the total exports in the city.
Foreign-funded enterprises are the main driving force behind the growth, contributing US$4.3 billion.
Of them, companies funded by industrial giants like Siemens and Lucent all reported export volume of over US$100 million.
Statistics show that the exports of computer and communications products reached US$2.2 billion, about 60 percent over that in 1999, while the exports of electronic technology products jumped some 40 percent.
The exports of high-technology products to the countries in Asia, North America and Europe last reached US$2.4, US$1.3 and about US$1 billion, rising over 40 percent respectively.

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