Shanghai exports up 43.1%
18/9/2003 16:35
Shanghai's export growth maintained its robust momentum in August as
foreign-invested firms, such as Tech-Front (Shanghai) Computer Co, shipped more
high-tech products abroad.
Exports were valued at US$4.26 billion last month,
a rise of 43.1 percent from last year, the Shanghai Foreign Economic Relations
and Trade Commission reported yesterday.
From January to August, Shanghai
sold goods worth US$30.7 billion abroad, up 52.2 percent year-on-year. That's
19.7 percentage points more than the national average.
"With the impact of
SARS over, export growth is back on track," said Zhou Dunren of the American
Studies Center, Fudan University.
Foreign-invested companies were the major
growth engines, exporting goods worth US$19.1 billion in the first eight months,
up 59.8 percent year-on-year. They accounted for 62.3 percent of the city's
total exports, the commission revealed.
Tech-Front, Shanghai's biggest
exporter, shipped computers worth US$2.9 billion, up 6.8-fold from a year
ago.
High-tech goods account for nearly a third of Shanghai's total
exports.
The first eight months saw exports of high-tech goods jump 113
percent from last year to reach US$9.4 billion.
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