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Jiangsu Foreign-funded Firms Record US$59.36bln

Foreign-invested companies in East China's Jiangsu Province recorded US$59.36 billion in foreign trade in the first half of this year, a year-on-year growth of 71.6 percent.

 

The amount made up 78.7 percent of the province's total international trade, which stood at US$76.12 billion for the period, according to latest local customs statistics.

 

Between January and June, the foreign-funded businesses exported US$27.332 billion worth of goods, or 72.74 percent of the Jiangsu's total export volume of US$37.58 billion for the six months, local customs sources said.

 

In the first half of this year, 7,539 foreign-funded businesses in Jiangsu sold goods abroad, or 65.05 percent of the province's total exporters.

 

Of the 49 Jiangsu companies exporting goods valued at more than US$100 million, 39 were foreign-invested, with a combined export volume at US$13.25 billion for the January-June period.

 

The businesses exported US$14.28 billion worth of new- and high-tech goods in the first half of the year, claiming 95.39 percent of the province's total of such exports, the customs sources added.

 

(Xinhua News Agency August 13, 2004)

 

Major Moves to Boost Economy in Jiangsu Province
Jiangsu's Foreign Trade Hits Record High in April
Jiangsu Reports Faster Foreign Trade Growth
Taxes from Foreign-funded Companies Swell in East China Province
Jiangsu County Seeks More Foreign Investment
Foreign-Funded Companies Spur Industrial Growth in China
New Rules Lure Foreign Money into China
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