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Foreign Trade in Tianjin Booming
Tianjin: this North China port city registered a rise in imports and exports in the first seven months of this year, hitting a gross value of 10.76 billion US dollars, or an increase of 20.6 percent over the same period of last year.
Imports rose 17.7 percent to hit 7.31 billion US dollars, and exports grew 23 percent to reach 9.45 billion US dollars in the January-July period, latest statistics from the Tianjin Municipal Customs showed.
The gross value of general trade imports and exports grew 21 percent over the year-ago period to reach 9.4 billion US dollars during the period, much higher than that of the processing trade.
The foreign trade growth of local state-owned enterprises, the adjustment of exports mix and the revival of the Southeast Asian market have all contributed to the surge in Tianjin's foreign trade, according to local Customs officials.
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