Shanghai, China's largest economic and business hub, reported a
record 76 billion US dollars of foreign trade in the first quarter
of this year, up 25.7 percent year-on-year, according to the
municipal customs.
The city's exports reached 45.68 billion US dollars in the first
three months, up 37.9 percent year-on-year, while imports hit 30.29
billion US dollars, up 10.9 percent.
Shanghai recorded sharp increase in ordinary trade during the
same period with imports and exports totaling 33.5 billion US
dollars, up 20 percent year-on-year, the source said.
The city's processing trade also witnessed a strong growth
momentum which reaped 33.8 billion US dollars in imports and
exports in the first quarter, up 36 percent over the previous
year.
Exports of machinery and electrical products by Shanghai in the
first quarter increased by 44 percent to hit 25.9 billion US
dollars.
However, declines were reported in the imports of rolled steel,
raw plastics, refined oil products, vehicles as well as auto parts
in the first quarter, the source added.?
(Xinhua News Agency April 18, 2005)
