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SIP Imports & Exports Increasing 51 Per Cent in January 

In January, SIP achieved sustainable growth in terms of total industrial output, newly registered foreign capital, actualized foreign capital and imports and exports, according to data from statistics departments. Among which, imports & exports reached USD 2.56 billion, an increase of 51 per cent over the same period last year.

In January, SIP realized total industrial output of RMB 12.5 billion, increasing 19 per cent over the same period last year, general local budget RMB 400 million, an increase of 20 per cent. In January, 51 foreign invested projects were approved, with newly increased foreign investment exceeding USD 1.1 billion.

Imports & exports enjoy rapid growth. Korea has become the biggest partner of SIP, taking the place of Japan. Imports and exports of mechanics and electronics products also grow fast. Reduction of import duty, adjustment of imports and exports policies and rapid growth of SIP’s economy will go on to provide good chances for growth of SIP’s imports and exports.

Feb 26, 2005

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