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China's industrial and commercial center Shanghai is expected to achieve total exports of more than US$30 billion this year, Shanghai customs said Saturday.
Statistics showed that from January to November, Shanghai's exports totaled US$29.05 billion, up 14 percent over the corresponding period last year.
The majority of the exports, or 59.5 percent, were contributed by overseas-funded enterprises, whose exports increased by US$2.62 billion year-on-year.
Exports of the private sector in Shanghai also surged rapidly. In the past 11 months, domestic private enterprises achieved 260 million dollars of exports, six times more than the figure for the same period last year.
The number of private enterprises granted foreign trade licenses jumped to 1,791 in November from a mere 233 at the end of last year.
The United States, Japan, the European Union and Hong Kong remained the leading destinations of Shanghai exports, taking in 70.5 percent of the total. Meanwhile, the city's exports to southeast Asian nations, the Commonwealth of Independent States and south Pacific markets also achieved major growth.
(Xinhua News Agency December 16, 2002)
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