Shenzhen private enterprise exports surge
EXPORTS by Shenzhen s private enterprises reached US$37.95 billion in the first three quarters of this year, a 25.8 percent increase over the same period last year, Shenzhen Customs said over the weekend.
Local private enterprises exports to Hong Kong jumped by 62.2 percent to over US$31 billion in the first three quarters. Mechanical and electric products dominated these exports, comprising US$21.25 billion of the total, or a 34.4 percent year-on-year growth.
Shenzhen hi-tech exports up
EXPORTS of high-tech products through Shenzhen ports reached US$12.43 billion in September, according to Shenzhen Customs over the weekend.
Total exports of high-tech products through Shenzhen ports in the first three quarters of this year stood at US$87.33 billion, a 30.1 percent year-on-year increase. The products mainly went to U.S. and European markets. Exports to ASEAN countries decreased in the first three quarters.
Steel exports to fall significantly
CHINA S steel exports will drop significantly in the fourth quarter from the first half because of the removal of a tax rebate, yuan appreciation and lower demand, the China Iron and Steel Association said Friday. The yuan has gained 6.3 percent against the euro and 2.1 percent against the dollar so far this year. China removed steel export tax rebates in July, raising the costs for steelmakers, the association said in a statement.
