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Foreign-invested Enterprises Contribute Over Half Shanghai's Total Im-exports

Foreign invested enterprises in Shanghai contributed 68.3 percent of the im-exports values of this China's economic powerhouse in 2007, according to a report of the municipal Foreign Economic Relation and Trade Commission.

Statistics show that Shanghai achieved US$282.97 billion of imports and exports in 2007, with over 68 percent from foreign invested enterprises, an increase of 0.8 percent to that of the previous year.

Foreign invested enterprises have consolidated their status as "the prime force of foreign trade" in Shanghai by making their total im-exports, increase rate of imports and exports higher above their non-foreign invested counterparts.

The commission has also found that foreign invested enterprises have further curbed the im-exports of products with high pollution and energy consuming.

However, processing trades have taken a "lion share" in im-exports of foreign invested enterprises, said the report.

(Xinhua News Agency February 12, 2008)

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