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Guangzhou posts US$22.55b in foreign trade
(Xinhua)
Updated: 2004-08-11 15:03
Guangzhou, capital of South China's Guangdong Province and an economic engine
for the southern coastal area, processed US$20.55 billion in foreign trade in
the first half of this year, a year-on-year growth of 31.7 percent, according to
latest statistics from the city government.
The total trade included US$10.93 billion in import volume, up 33.4 percent
over the year-earlier level, and US$9.62 billion in export volume, up 29.8
percent, leaving a trade deficit of US$1.31 billion. The deficit is partly
ascribable to a 9.4- percentage-point increase in the growth rate for import
value, according to the municipal development and planning commission.
The brisk foreign trade was also owed to improved performance of the
Guangzhou Port thanks to upgraded computerization. The Port realized cargo
turnover of 105 million tons in the first half of this year, up 19.6 percent
year-on-year, the commission said.
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