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Guizhou reports marked surge in foreign trade
(Xinhua)
Updated: 2005-02-13 09:40

Figures from the provincial commerce bureau show that the increase rate ranked the third among 31 provinces, municipalities and autonomous regions on the Chinese mainland.

The trade volume included US$867 million in export, up 47.4 percent over 2003. The increase rate was 12 percent higher than the national average. Guizhou's imports totaled US$647 million last year, a year-on-year rise of 63.3 percent, which was 27.3 percentage points higher than the national average.

Exports by collectively-run and private businesses have become a new growth area for Guizhou's foreign trade.

The trade volume done by collectively-run businesses grew 99.3 percent year-on-year to reach US$105.2 million last year. Trade volume of private businesses shot up by 254.6 percent year-on-year to hit US$102.76 million last year.

The combined trade volume of collectively-run and private businesses accounted for 13.7 percent of the province's total for last year, 5.4 percentage points higher than that for 2003.

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