China's major port of Shanghai had registered a two-digit growth in
imports from Europe and the United States during the first 11
months of this year. Customs statistics have shown that about
US$11.95 billion, and US$6.22 billion dollars worth of goods had
been imported through the port, up 28 percent and 17.2 percent,
respectively.
The growth rate in exports through the port, however, were slower,
with exports to Europe and the United States both bringing in US$13
billion, up by 12.5 percent and 11.1 percent, respectively.
China's exports to its largest overseas market Japan grew by 10.1
percent to US$13.64 billion.
Experts say exports through the port to the three overseas markets
are expected to hover around 10 percent due to continuous sluggish
market demand. The total value of integrated circuits and
microelectronics parts was US$3.21 billion 40.1 percent above last
year, and imported steel was up 9.8 percent to US$1.36 billion.
As
China's largest foreign trade port, Shanghai port handled US$47. 95
billion worth of imported goods during the first 11 months of this
year, while the value of goods for export stood at US$62.84
billion, up 11.7 percent and 12.1 percent, respectively.
Shanghai exported US$13.7 billion worth of goods during the first
half of this year, up 16.9 percent over the same period last
year.
Shanghai's exports to Japan, Europe, the United States and Hong
Kong grew by 16.5 percent, 27.2 percent, 13.7 percent and 38
percent. In addition, contracted foreign investment in 1,239
projects approved by the Shanghai Municipal government totaled
US$4.03 billion, up 44.1 percent.
The value of exported high-tech products rose by 28.3 percent over
the same period of last year, machinery and electronic products
accounted for 52.7 percent of the export total.
(
December 17, 2001)