beijing\s trade volume hits record high
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Beijing's trade volume hits record high

Arab Today, arab today

Arab Today, arab today Beijing's trade volume hits record high

Beijing - XINHUA

Beijing's total foreign trade volume reached US$429.1 billion in 2013, up 5.1 percent compared to 2012, according to the statistics recently released by the Municipal Customs House, Chinanews.com reported. The total sum hit an all-time high, with US$63.2 billion in export, up 6.1 percent, and US$365.9 billion in import, up 5 percent. The city's trade deficit rose by 4.8 percent, up to US$302.7 billion. It's the first time that the city's export numbers have exceeded US$60 billion, thanks to the implementation of the development strategy which focuses on S&T as well as cultural innovation. The export of high-tech and cultural products stood at US$20.64 billion, accounting for 32.7 percent of the city’s total export volume. The city imported cultural producs worth US$620 million, up 39.2 percent. It topped the country in terms of cultural product imports, accounting for 29.8 percent of the national total. Trade volume between Beijing and the United States rose by 3.6 percent, up to US$35.35 billion

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