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Pudong New District Active in foreign Trade in January
Latest statistics from customs show that the Pudong New District in Shanghai recorded a foreign trade volume of US$1.76 billion in January, up 6.3 percent compared with the same period last year.
Import volume hit 950 million US dollars, down 10.2 percent, while export volume reached 810 million US dollars, up 35.3 percent.
Restructuring in processing trade, and more export in machinery, electronic products and communications products involving high technology, accounted for the downward trend in imports and significant growth in exports.
Starting from the beginning of this year, state-owned enterprises recorded balanced development in both import and export, while foreign-funded enterprises saw marked growth in export.
Exports from foreign-funded enterprises reached 458 million US dollars, accounting for 56.5 percent of the total export volume. Solely foreign-funded enterprises particularly recorded growth rate in export of 102.8 percent.
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