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Foreign trade of state owned units register impressive gains
Dec '08
China's foreign trade has registered impressive gains in the first eleven months of the current year and along with that imports and exports of state-owned enterprises has increased faster in the same period.

In the period January-November, imports and exports of state-owned enterprises registered US $571.370 billion, up 27.6 percent year on year when compared to the same period of 2007 and accounting for 24 percent of China's total import and export volume over the same period, again a gain of 1.3 percent over the same period last year. Out of which, exports stood at $237.660 billion, up 16.3 percent while imports reached $333.710 billion, an increase of 37 percent.

Over the same period, imports and exports of foreign-funded enterprises were $1.31 trillion, an increase of 15.4 percent with exports fetching $732.060 billion, up 16.2 percent and imports $579.5 billion, up 14.3 percent. In addition, imports and exports of collective, private and other enterprises maintained rapid growth.

In the period under review, value of inward and outward bound shipments recorded $495.440 billion, an increase of 29.3 percent out of which exports registered $347.44 billion, an increase of 29 percent and imports $148 billion, up 30.1 percent. Customs statistics showed that in the first eleven months, foreign trade from Guangdong Province recorded $631.180 billion, an increase of 10 percent, to take the first place amongst all provinces and cities in the country.

The comparative figures for Jiangsu and Shanghai touched $366.1 billion and $299.45 billion, a growth of 15.1 percent and 16.5 percent, respectively. The total foreign trade from Beijing, the capital scored $255.32 billion, up 47.8 percent over the same period of last year. Total foreign trade from these four provinces accounted for 65.3 percent of the country's overall foreign trade.

Fibre2fashion News Desk - China

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