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Shanghai sees further recovery in foreign trade last month
(Xinhua)
Updated: 2010-01-18 09:54
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China's economic hub Shanghai in December posted the first year-on-year growth in both imports and exports in 14 months, indicating further recovery from the economic downturn, local customs said Sunday.
Last month, Shanghai's foreign trade stood at $30.7 billion, a growth of 35.3 percent over the same month of 2008. This was the second year-on-year growth of foreign trade in two consecutive months in the city, the sources said.
Last month saw the city's trade with the European Union, the United States and Japan up 15.4 percent, 36.8 percent and 19.8 percent, respectively.
However, Shanghai's foreign trade in total last year went down 13.8 percent from 2008 to %277.73 billion?due to the economic crisis effect. The total included $141.91 billion?in exports, down 16.2 percent, and $135.82 billion?in imports, down 11.1 percent.
