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Dongguan posts strong foreign trade growth in 2010

Dongguan posts strong foreign trade growth in 2010

Write: Elli [2011-05-20]

Dongguan's foreign trade last year jumped 28.8 percent year on year to 121.3 billion U.S. dollars, a government official said on January 17.

Dongguan's foreign trade last year grew by 28.8 percent year on year while its export jumped by 26.1 percent year on year to 69.6 billion U.S. dollars, said Mr. Zhang Junyang, the Director of Dongguan Development and Reform Bureau on January 17.

The sharp increase on foreign trade has served as the main drive for Dongguan s economic grow in 2010 which was estimated by 10.3%, said Mr. Zhang. Dongguan economic grow still relies on foreign trade, he said.

According to Mr. Zhang, Dongguan s foreign trade is expected to grow by 8 percent, and the city s economy would fall back to 8.5 percent this year, as the government s work will focus on improving the citizen s benefits instead of economic grow.

(By Morvin Chow)