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Last updated at: (Beijing Time) Monday, June 16, 2003

North China Province Sees Two Digit Growth in Exports

North China's Shanxi province reported 1.178 billion US dollars in foreign trade during the first five months of the year, up 31.2 percent year on year, the latest local Customs figures show.


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North China's Shanxi province reported 1.178 billion US dollars in foreign trade during the first five months of the year, up 31.2 percent year on year, the latest local Customs figures show.

Total non-processing trade stood at 1.11 billion US dollars, giving the province a surplus of 668 million US dollars during thefive-month period.

Insiders with local customs said that the province's exports ofgeneral trade grew by 48.47 percent to 890 million US dollars during the period, while imports dropped 12.42 percent.

Shanxi province recorded 243 million US dollars in foreign trade in May, up 44.72 percent over the same period of last year, with a trade surplus of 141 million US dollars.

The experts said that non-state firms, the private sector and foreign-funded firms all reported rapid growth in exports.

Non-state firms authorized to engage in foreign trade contributed 74.79 million US dollars to the province's foreign trade for the first five months, up 87.5 percent, while private enterprises in the province exported 95.34 million US dollars worth of goods, up 146 percent.

Firms with overseas investment generated 173.77 million US dollars in foreign trade, with joint ventures reporting 95.6 percent growth in exports and 41.38 percent in imports, and firms solely owned by foreign investors seeing 120.31 percent in exportsand 346.76 percent in imports.


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