Yangtze Delta exports soar
13/8/2004 14:12
The Yangtze River Delta, mainly composed of Shanghai and Jiangsu and
Zhejiang provinces in East China, contributes to more than one third of China's
export volume in the first half of this year, customs statistics
show.
Official figures show that China's gross export volume amounted to
US$258.1 billion in the first six months of this year, of which 37.46 percent
came from the Yangtze River Delta, 4.2 percentage points higher compared
with the same period last year.
Exports from Jiangsu saw a turnover of
US$37.58 billion, with US$33.74 billion from Shanghai and US$25.36 billion from
Zhejiang during the six months.
Xu Yibao, vice director of the Shanghai
Foreign Trade and Economic Cooperation Commission, said optimized commodity
structures was the main reason for the region's booming foreign trade.
New
and high-tech products together with household appliances contributed greatly to
the Yangtze River Delta's exports, of which information technology products
including laptop computers and integrated circuits saw a large increase under
the joint efforts of state-owned enterprises, joint ventures and private
firms.
Xu said the global industrial transfer in recent years brought more
processing orders to the Yangtze River Delta and has turned it to one of key
manufacturing centers in the world.
Improving global economic situations and
China's more positive role in the World Trade Organization bode well for the
trade outlook during the second half of this year.
The trade volume between
Shanghai and the United States totaled US$22.55 billion in the first half of
this year, a year-on-year rise of 48.1 percent, the latest statistics
show.
The total trade volume included US$15.84 billion in export, up 44.4
percent from last year's same period, according to the Shanghai Customs.
The
United States remained the third trade partner and the largest export market of
Shanghai.
The trade figures are the broadest measures of exports and imports
via Shanghai, which include those from other parts of the country.
Analysts
said foreign-funded enterprises in Shanghai contributed significantly to the
soaring foreign trade with the United States. Bilateral trade volume involving
foreign-funded enterprises reached US$14.21 billion in the six months, up 59.6
percent from the same period of last year and accounting for 63 percent of the
total trade volume between Shanghai and the United States.
Statistics show
that imports from the United States via Shanghai Port totaled US$6.71 billion US
dollars in the first half of this year, up 57.6 percent from the same period of
last year.
Xinhua
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