External trade of Guangdong province increases 19.7% from January to October

30 November 2005

Beijing, China, 30 Nov – The external trade of China’s Guangdong province, bordering Macau and Hong Kong, increased by 19.7% in the first 10 months of 2005, against the same year-ago period, the Chinese press reported Tuesday.

Chinese financial newspaper, Economic Daily reported that external trade for the province in the period totaled US$340.72 billion.

According to the provinces Customs Department, exports reached US$188.34 billion in the first 10 months of 2005, an increase of 25.4% in relation to the same period of 2004.

In their turn, imports increased by 13.4% in the period, reaching US$152.38 billion.

With a population of around 87 million and an area of 177,000 square kilometers, Guangdong province, located in Southern China, attracts a third of all trade in China and receives 25% of foreign investment in the country.

Guangdong’s economy is larger than those of Singapore, South Africa and Greece. (macauhub)