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City's foreign trade business remains steady growth

http://www.qingdaonews.com 2003-03-24 00:00:00

During the first two months of this year, the city's foreign trade business growth remained steady with a total import and export volume of $2.2 billion, a year-on-year increase of 28%.

Statistics from the local customs authority show the export volume reached $1.2 bil
lion, while the import volume reached nearly $1 billion during the period. The city's foreign trade business demonstrated three characteristics. First of all, the import and export volume of the foreign-funded enterprises showed strong rebound, while those of the state-owned, the collective and the private-owned enterprises made rapid growth. Secondly, the import and export of mechanic and electric products demonstrated steady growth. Thirdly, the export to the traditional markets such as Japan, the USA and ROK increased, while that to the EU market decreased. In order to guarantee the accomplishment of this year's foreign trade business, the city government will strengthen more efforts to support the foreign trade enterprises.

(QDTV__Seven Days)

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