Foreign Trade in Guangdong Reports Export GrowthGuangdong Province in south China reported a total export of 27.97 billion U.S. dollars in the first four months of the year, up 2.1 percent from a year earlier.Total import and export amounted to 53.2 billion U.S. dollars in the four months, growing by 6.6 percent on a annual basis and accounting for 33.6 percent of the national total, according to customs statistics. In April alone, the province registered 14.91 billion U.S. dollars in import and export, up 7.3 percent year on year. State-owned enterprises and overseas-financed companies contributed 10.6 billion and 16.1 billion U.S. dollars, respectively, to the total export of the province, one of China's key foreign trade players. The export of high-tech commodities rose at a fast pace, but that of traditional labor-intensive products fell drastically. The province also scored a stable growth in import. It imported 25.23 billion U.S. dollars worth of commodities in the first four months of the year, up 12 percent from the same period last year. Most of the imports were done via processing trade. |
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