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Foreign Economy

2016-10-25

  The city’s foreign trade continues to decline. Throughout the year of 2015, the total value of foreign trade stood at 1,897 million US dollars, down 14.4% y-o-y, with 913 million US dollars of imports, down 29.5%, and 984 million US dollars of exports, up 6.9%. In terms of major export commodities, 499.84 million US dollars of agricultural products were exported, up 18.8%; 40.38 million US dollars of steel products were exported, down 31.3%; 89.63 million US dollars of textiles and garments were exported, down 5.5%; and 198.87 million US dollars of electromechanical products were exported, up 15.5%.  

   The utilization of foreign capital increases rapidly. 5 new projects utilizing foreign capital have been approved; the number of foreign-funded enterprises reached 51 at the end of 2015. Throughout the year, 274.82 million US dollars of foreign capital were utilized by contractual arrangement, 217.09% higher than the previous year; 134.71 million US dollars of foreign investment were actually utilized, 120.01% lower than the previous year.

  The city’s economic cooperation with foreign countries continues to deepen. 5 new projects utilizing foreign capital have been approved; the number of foreign-funded enterprises reached 51 at the end of 2015. The total value of contracted foreign investment reached 2,210,000 US dollars, 20% higher than the previous year; 2,280 people went abroad in the export of labor, 5.8% higher than the previous year.

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