SZ foreign trade record high
SHENZHEN reported US$33.63 billion in foreign trade last month, a year-on-year 29.7 percent growth, according to Shenzhen Customs.
Imports reached a record high of US$14.12 billion, up 30 percent, while exports totalled US$19.51 billion, growing 29.1 percent. However, customs authorities cautioned that there were still many uncertainties facing the city s foreign trade in the fourth quarter because of the appreciation of the yuan and rising labor costs.
Huizhou foreign trade over US$3 billion
HUIZHOU City registered foreign trade volume of US$3.23 billion last month, the third consecutive month the volume has exceeded US$3 billion, according to Shenzhen Customs.
The total foreign trade volume for the past three quarters stood at US$24.6 billion, a year-on-year 25.8 percent increase. The city had a trade surplus of US$4.22 billion in the past three quarters.
Canton fair opens amid yuan worries
CANTON Fair, China s largest trade fair and a key barometer of trade and economic development, opened in Guangzhou on Friday amid growing concerns that a stronger yuan would weigh on the nation s exports.
In addition to business opportunities, the multitudes of sellers and buyers at the fair, officially known as China Import and Export Fair, are watching closely the latest developments in the yuan exchange rate dispute.
Foreign investment rises 6.1%
FOREIGN direct investment in China increased at a faster pace in September, underscoring confidence in outlook for the fastest-growing major economy and adding to pressures on the nation s exchange rate.
Investment rose 6.1 percent from a year earlier to US$8.4 billion after a 1.4 percent gain in August, the Ministry of Commerce said Friday. Investment in the first nine months of 2010 climbed 16.6 percent to US$74.3 billion.
