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Home >> Business
UPDATED: 10:58, December 11, 2005
East China city posts 100 mln US dollars in exports to Russia
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Xiamen, a port city in east China's Fujian Province, realized exports to Russia of 100 million US dollars in the first ten months this year, local customs statistics showed.

The exports are in over 50 categories and include canned mushrooms, sneakers, diesel-motor coaches, and granite materials.

The combined value of imports and exports between Xiamen City and Russia stood at 190 million US dollars in 2004, 69.3 percent up over the previous year.

The same year, the city earned 100 million US dollars in exports, 1.4 times that of 2003.

The surging trade with Russia is an immediate result of its growing purchasing power and economic recovery, experts say.

Currently, products from Japan, the Republic of Korea, India, Turkey have flooded into Russian markets, posing a threat to Chinese-made products.

"Our foreign trade partners are mainly from Japan, the United States and Europe, and our trade with them account for 70 percent of the city's total," said Fu Rurong, head of the foreign economics department of the Xiamen Trade and Development Bureau, adding that Russia and India are becoming their new targets.

Source: Xinhua


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