Famous Chinese Processing City Reports Export Rise

Dongguan, the Chinese city best known for its processing services, exported 6.12 billion U.S. dollars worth of commodities in the first six months of the year, up 8.2 percent compared to figure for the same period last year.

Dongguan, situated near the estuary of the Pearl River in south China's Guangdong Province, is behind only Shenzhen and Shanghai among all cities in terms of export volume.

From January to June, the city also signed contracts with overseas investors for 676 projects, up 7.99 percent, and overseas investment reached 730 million U.S. dollars, up by 8.19 percent.

Dongguan had 14,000 overseas-backed businesses by June, and overseas investors had put 10.36 billion U.S. dollars into these enterprises.

In the first six months, the city also had wide increases in both retail sales of consumer commodities and investment in fixed assets.

Inspired by growing investments, consumption, and export, Dongguan had a GDP increase of 17.2 percent from January to June this year, 2.1 percentage points more than that of last year, and 7.6 percent more than that of Guangdong Province.