Beijing's foreign trade hits record high for sixth months

Businesses in China's capital exported 1.71 billion US dollars worth of goods in July, setting a record for the six month in a row.

Beijing's foreign trade st ood at 7.884 billion US dollars in July, up 26.6 over the same month of last year. The total included1.71 billion dollars in export value, up 21.4 percent; and 6.174 billion dollars in import value, up 28.1 percent, according to themunicipal administration of commerce.

Beijing approved the establishment of 157 foreign-funded businesses in July, up 45.4 percent from the same month of last year. The city attracted 590 million US dollars in contracted foreign capital in July, up 130 percent year-on-year. But the foreign direct investment (FDI) actually used in the city went down 15.6 percent to 140 million dollars for the month.

In the first seven months of the year, FDI amounted to 4.2 billion US dollars in Beijing, up 160 percent over the year-earlier level; and foreign investment actually used stood at 1.86 billion dollars, up 56.4 percent, the administration said.

Source: Xinhua