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Shenzhen Reports Double-Digit Foreign Trade Rise
Shenzhen, one of China's five special economic zones, scored a 12.1-percent growth in foreign trade in the first three months of the year, according to customs statistics.
From January to March, Shenzhen, which faces Hong Kong across a river, did US$15.23 billion worth of imports and exports. Of the total, exports accounted for US$8.07, up 10 percent from the same period last year.
The export mix has been optimized, with electro-mechanical products making up 62.36 percent of the total export commodities, and high-tech commodities accounting for 27.7 percent.
The city also approved 420 overseas-financed projects in the first quarter of the year, with overseas investment involved up 7.8 percent year on year to US$595 million.
Most of the overseas investment went to businesses featuring comprehensive technological services such as computer and network technology, transport and storage.
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