Foreign invested enterprises in Shanghai contributed 68.3
percent of the im-exports values of this China's economic
powerhouse in 2007, according to a report of the municipal Foreign
Economic Relation and Trade Commission.
Statistics show that Shanghai achieved 282.97 billion U.S.
dollars of imports and exports in 2007, with over 68 percent from
foreign invested enterprises, an increase of 0.8 percent to that of
the previous year.
Foreign invested enterprises have consolidated their status as
"the prime force of foreign trade" in Shanghai by making their
total im-exports, increase rate of imports and exports higher above
their non-foreign invested counterparts.
The commission has also found that foreign invested enterprises
have further curbed the im-exports of products with high pollution
and energy consuming.
However, processing trades have taken a "lion share" in
im-exports of foreign invested enterprises, said the report.
(Xinhua News Agency February 11, 2008)
