THE Port of Shanghai posted a 17.3 per cent growth in import and export value to US$1,065 billion in 2011, setting a record high in its long history, reports Xinhua.
Cargo value originating from Jiangsu, Zhejiang and Shanghai accounted for 85.5 per cent of the total, falling 1.6 per cent over the year before. Cargo coming from inland areas such as Anhui, Hubei, Sichuan and Chongqing each contributed a value of over $10 billion, seeing a rapid growth rate over 30 per cent in average. It indicates that Shanghai's port function covering whole country is further reinforced.
But the growth rate of import and export volume of Shanghai port first dropped to less than 30 per cent since 2001, lower than the average level in China.
Conversely, imports of high-value products such as automobiles, diamonds, garments and watches experienced a strong increase in 2011, up 64 per cent year on year on average.
PORTS
19 February 2012 - 19:05
Shanghai port trade value up 17.3pc in 2011, hitting record high
THE Port of Shanghai posted a 17.3 per cent growth in import and export value to US$1,065 billion in 2011, setting a record high in its long history, reports Xinhua.
PORTS
19 February 2012 - 19:05
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