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Home >> Business
UPDATED: 13:15, February 27, 2005
N. China port city posts drastic growth in foreign trade in January
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The northern China port city of Tianjin registered 3.39 billion US dollars of foreign trade in January, up 41.4 percent over the same period of last year, according to customs statistics.

In January, its imports rose 22.9 percent to 1.52 billion US dollars and exports grew 61 percent to 1.87 billion US dollars.

Foreign-funded businesses contributed to 80.2 percent of the total exports, with exports volume standing at 1.5 billion US dollars and rising 65.1 percent over last January.

Exports of private businesses nearly tripled, totaling 82.94 million US dollars. Exports of state-owned enterprises stood at 246 million US dollars, representing an increase of 20.7 percent over last January.

Its exports to the United States, the European Union (EU) and Hong Kong rose 87.3 percent, 69.9 percent and 83.6 percent respectively, totaling 540 million US dollars, 328 million US dollars and 114 million US dollars.

Source: Xinhua


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