The foreign trade in South China's Guangdong Province kept a strong momentum last year, with 230 billion U.S. dollars of exports, according to a report from the provincial statistical bureau.

The export turnover accounted for 31.3 percent of China's total in the past year, which enabled Guangdong to stay in the country's leading position for consecutive 20 years.

The bureau said the electromechanical products were the major contributor to the province's export last year. It produced an export turnover of 164.4 billion U.S. dollars, a year-on-year growth of 26.7 percent.

Meanwhile, Guangdong quickened its step to absorb foreign investment last year. The actual use of foreign investment amounted to 12.7 billion U.S. dollars in 2005, growing by 26.6 percent.

Currently, 176 of the world top 500 companies, evaluated by the Fortune Magazine, have established offices and factories in the province.

Source: Xinhua