Shenzhen reports rise in foreign trade, investment
( 2003-07-20 17:25) (Xinhua)
Shenzhen in south China's Guangdong Province witnessed US$63.17 billion worth
of imports and exports through its port in the first six months of the year, up
40.6 percent from the same period last year.
Imports made up US$29.43 billion, up 42.5 percent, while exports made up
US$33.74 billion, up 39.1 percent, according to information from Shenzhen
Customs.
The growth rate of foreign trade through Shenzhen Port, one of the busiest
checkpoints on the Chinese mainland, slowed in the second quarter as a result of
the war in Iraq and the outbreak of severe acute respiratory syndrome (SARS).
The city's foreign trade continued to be dominated by import and export of
processing trades, but import and export by general trade also rose enormously.
Despite the negative impact of SARS, Shenzhen, which faces Hong Kong across a
river, had 793 new overseas-financed ventures registered from January to June,
up 26 percent, and registered capital totaled 1.46 billion US dollars, up 42
percent.
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