China's tech hub Shenzhen saw its foreign trade get off to a strong start, with the total import and export value soaring 37.3 percent year on year to 824.23 billion yuan (about 120 billion U.S. dollars) in the first two months of this year, ranking first among Chinese mainland cities, Shenzhen Customs said Saturday.
Shenzhen's exports of specialty and competitive products are growing rapidly, and its trading partners are becoming more diversified. Both emerging and traditional markets are contributing to its remarkable growth.
The city's trade with emerging markets totaled 468.97 billion yuan in the January-February period, up 31.5 percent year on year. Notable progress was made in tapping markets such as ASEAN, Latin America, the Middle East and Africa.
Meanwhile, its trade with developed economies also maintained rapid growth, reaching 292.41 billion yuan, a year-on-year increase of 45 percent. Its trade with the European Union, the United States, Japan and South Korea grew by 40 percent, 27.1 percent, 87.7 percent and 28.5 percent, respectively.
Shenzhen Customs data also showed that exports of flat panel display modules hit 8.13 billion yuan in the first two months, up 7 percent year on year. In Longgang District alone, a cluster of 332 industrial enterprises above designated size and eight listed companies has formed a thriving ultra-high-definition video display industry group, generating over 100 billion yuan.
Chinese tech hub Shenzhen sees trade up 37.3 pct in first 2 months
