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Foreign trade report 32% rise in Beijing
(Xinhua)
Updated: 2004-05-16 10:15

The Chinese Capital city Beijing ratified 579 overseas-funded projects during the first four months of the year, up 22.9 percent year-on-year, using US$1.95 billion in contractual overseas investment, more than twice the figure a year ago, according to the Beijing Municipal Commerce Bureau.

About 53 percent of the contractual overseas money introduced in the four months, or US$1.04 billion, were injected into manufacturing industries in Beijing, four times the figure a year before, with focuses placed on electronic equipment, pharmaceuticals, and automobiles, said the bureau.

In April alone, foreign trade conducted by enterprises in Beijing recorded US$7.9 billion, up 32 percent year-on-year.

The total included US$1.55 billion in exports, up 9.2 percent year-on-year, and a record high of US$6.35 billion in imports, up 39 percent.

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