Heilongjiang's foreign trade soars

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Last updated at: (Beijing Time) Thursday, December 25, 2003

Heilongjiang's foreign trade soars

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Foreign trade of northeast China's Heilongjiang Province boomed this year, and the gross turnover is expected to reach more than 5 billion US dollars, according to an official with the provincial department of foreign trade and economic cooperation here Thursday.

Statistics from the department covering January to November showed that the total import and export turnover amounted to 4.7 billion US dollars, an 18.4 percent increase over the corresponding period of last year.

The official attributed the increase to more foreign investment in Heilongjiang in 2003, amounting to one billion US dollars-worth.

Economic cooperation with Russia accounts for a big proportion of Heilongjiang's foreign trade, said the official. In the first 11 months of this year, the province did 2.6 billion dollars-worth of business with Russia, a 25.2 percent growth, including the startup of a number of resources exploitation projects, the official said.

The official said that Heilongjiang's export turnover would be 2.6 billion US dollars-worth this year, and the province has enjoyed an overall favorable trade balance for the first time in recent years.

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