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Shandong's Import and Export Exceeds US$20 Billion
From January to October this year, the import and export volume in east China's Shandong Province totaled US$20.3 billion, rising 40 percent over the same period last year.
The import volume reached US$7.7 billion and the export volume US$12.6 billion, up 42 percent and 38 percent respectively.
The export volume of machine and electronic products, which accounted for one fifth of the province's total export, rose by 54 percent to hit US$2.55 billion.
Along with the merging of private enterprises, exports of private enterprises increased by 2.8 times compared to the same period last year.
Meanwhile, the overall increase in imports of machine and electronic products and important industrial materials lead to a marginal increase in the import volume.
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