China's commercial hub Shanghai racked up US$165.6 billion in
foreign trade in the January-September period, nearly 70 percent of
which was contributed by foreign-invested companies, the municipal
statistical bureau announced on Tuesday.
Sales were up 21.4 percent from the same period last year, the
bureau added.
Export turnover from Shanghai's foreign-funded companies reached
US$54.8 billion, a year-on-year growth of 22.5 percent.
Imports reached US$56 billion, up 21.6 percent.
Mechanical and electrical products still dominate the
metropolis' foreign trade figures, contributing a massive US$107.5
billion, or about 65 percent of the total.
The US is still Shanghai's largest export market with US$20.4
billion. In addition, Shanghai imported US$14.1 billion worth of
goods from Japan between January and September.
(Xinhua News Agency October 25, 2006)
