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Foreign trade Guangzhou is located at the northern edge of Pearl River Delta, and is adjacent to Hong Kong and Macao . It is China 's famous port for import/export trade. Guangzhou port, the third biggest of China , is the main material distributing center and the biggest hub port for international trade in Pearl River Delta and South China . It now has commercial intercourse with more than 500 ports in more than 170 countries and regions. Various commodities trade fairs held each year in Guangzhou can create huge commercial opportunities. Among them the most representative is Chinese Export Commodities Fair, also called Guangzhou Fair. Guangzhou Fair had been founded in the spring of 1957 and is held in Guangzhou twice (in spring and autumn) each year. Till now, it has a history of more than 40 years and is the comprehensive international trade pageant that has the longest history, highest level, biggest scale, the fullest commodity varieties, the most participants, and the best trade effect in China . Collecting thousands of credible and powerful foreign trade companies, production enterprises, research institutes, foreign-funded/self-owned enterprises, and privately-run enterprise for exhibition, the Guangzhou Fair has become one of the most representative trade symbols of Guangzhou. Statistically, since reform and opening, the annual average increase of Guangzhou 's export trade is as high as 21%. In 2002, the total amount of import and export of Guangzhou had already reached 27.931 billion US dollars including $13.784 from export. The market for export covers more than 200 countries and regions. From 1979 to 2002, the foreign capital that has been actually used is 29.453 billion US dollars, ranked as the second in 10 domestic big cities. Investors coming from more than 60 countries and regions have established more than 8000 foreign-funded enterprises and more than 2000 working institutions. By the end of the first half of 2005, the total value of import/export trade is brought to 24.63 billion US dollars, rising by 20% compared with the same period of 2004 (the same as below), while the average increase of Guangdong is 17.5%. This is about 13.2% of the province's total value of import/export trade, ranked as the third in Guangdong . In it, the import/export trade has assumed the pattern of deficit, with the unfavorable marks about 0.97 billion US dollars, 5% more than that of the first five months this year. Based on analysis, many factors have contributed to this phenomenon and increasing import of energy commodities is one of them. Statistically, about 0.84 billion US dollars of product oils have been imported into Guangzhou in the first half year and as for import of steel products, the value is about US $ 0.97 billion, all hovering over the average increase margins of the like products in Guangdong. As Guangzhou trade develops forward, the new trade system, in which processing technologies and hi-tech lead and other related industries supplement, has been formed gradually. |
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-Hongxiannv -Huangfeihong |
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