Targets for this year, Guangdong's foreign trade reached 640 billion U.S. dollars

Reporter from Guangdong Province on the 30th the Third Session of the
Eleventh National People's Congress held a press conference learned
that Guangdong Province is expected to this year's goal is to import
and export trade reached 640 billion U.S. dollars, an increase of 5%.

Guangdong Foreign Trade and Economic Cooperation, Mr Liang Yaowen told
reporters that two OO nine years in Guangdong Province, economic
development since the new century, the most difficult year, but also
in Guangdong Foreign Economic and Trade effectively cope with the
international financial crisis, achieved better than expected for one
year.

Guangdong Governor Huang Hua Hua has said the financial crisis on
dependence on foreign trade as high as 150 percent for a big impact in
Guangdong last year, it is difficult to maintain zero growth.

It is understood that the end of 2 OO 8 Import and Export of Guangdong
began to fall, starting in January last year, has dropped
significantly. January imports and exports, exports were down year on
year into a three-shing and two around, only corporate orders will be
dropped Jinsi Cheng. Liang Yaowen said it was from his offices in 1978
to enter foreign trade has been experiencing the most difficult, the
most severe test.

Guangdong's economy in order to save face, "Waterloo", the Guangdong
provincial government issued a series of initiatives to support and
optimize the electrical and mechanical, high-tech exports, while
upgrading its industries and to bear fruit.

It is reported that two OO nine years, the Guangdong high-tech product
exports, compared to 2 OO improved 2.1 percentage points for eight
years. The traditional export products such as textile and garment
exports dropped year on year by nearly 2.2 percentage points. At the
same time, there are more than 500 processing enterprises have become
foreign-funded enterprises or private enterprises, and the industrial
economy of Guangdong "V" shaped recovery trend.

According to statistics, 2 OO nine years, Guangdong Province, import
and export trade, valued at more than 600 billion U.S. dollars, down
10 percentage points. Exports exceeded 350 billion U.S. dollars, the
actual absorption of foreign direct investment and finance is about 20
billion U.S. dollars, an increase of Jinliang Cheng. In the meantime,
Guangdong Province, shutting down the transformation of a number of
foreign-invested enterprises reached 1700, of which there are 1430
closed, 100 or fewer small businesses accounted for nearly Bacheng.

Many people are concerned that this year, Guangdong's foreign trade
will be how to achieve this goal? In this regard, Liang Yaowen said it
pick up signs of the world economy, due to a series of measures taken
by States to make the whole there has been some increase in
international trade, while China's economy as a whole surface is also
within the control of sound, but now China's export situation is not
optimistic about cross-border investment in Guangdong, Guangdong will
affect the next step to further reduce the import and export trade. In
addition, international primary products and energy resources,
products volatile for the expansion of exports in Guangdong will also
be a certain impact.

Meanwhile, in Guangdong Province in January this year, more than 1000
enterprises in the survey concludes that companies with more than a
Liucheng order to get only one to three months for a long time very
few orders. And therefore the situation of foreign trade in Guangdong
this year, there is still a larger test. However, in Guangdong last
year shut down a large number of foreign-funded enterprises, but the
new foreign-funded enterprises introduced more than 4300, the contract
volume reached 17.5 billion U.S. dollars, thus the number of small
businesses shut down the impact of foreign-funded enterprises in
Guangdong is not significant.

In addition, Guangdong will strive in training to achieve a
breakthrough on the domestic multinationals to expand overseas
resources to develop. According to reports, Guangdong, China and
Vietnam this year, will promote (Shenzhen - Haiphong) the building of
trade and economic cooperation zones, as well as Southeast Asia,
Australia, Africa, South America and other countries and regional
cooperation. And plans to build multiple brands in the ASEAN
production base and the corresponding sales and marketing network as
well as Guangdong commodity marketing center, to build the core
competitiveness of foreign trade in Guangdong.