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Foreign Trade Booming in Tianjin
Tianjin, a port city in north China, reported foreign trade of US$20.4 billion in the first 11 months of 2002, up 23.1 percent over the same period the previous year.

According to the latest figures released by the city's department in charge of foreign trade and economic cooperation, in November last year, Tianjin exported goods worth US$1.372 billion, up 57.6 percent over the same month in 2001, while imports totaled US$1.16 billion, a rise of 54.8 percent.

Foreign trade experts attributed the fast growth to the municipal government's great efforts to provide easy access for the companies, such as speeding up slow procedures.

The foreign-invested firms remain the major force of Tianjin's export trade. From January to November, they exported goods worth US$8.15 billion, or 78.5 percent of the total export of US$10.386 billion.

(Edited from Xinhua News Agency January 4, 2003)

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