Liaoning sees 3.4% rise in trade

Shenyang Customs said on Monday that total import and export value of Liaoning province reached 411.2 billion yuan ($66.95 billion) in the first seven months of 2014, a year-on-year increase of 3.4 percent. The growth is 3.2 percentage points higher than the national average.

According to the Customs, steady growth trend of the province benefited from five advantages - enhanced independent development capability of foreign trade enterprise, competitiveness of labor intensive products' export, stable demands for imports, rapid growth of foreign investment and economic cooperation, and rapid growth of foreign investment in actual use.

In the first seven months, the total import value of Liaoning province reached 193.8 billion yuan, a year-on-year increase of 9.8 percent, 10.6 percentage points higher than the national average.

In the first six months, foreign investment in actual use hit $15.99 billion, up 9.7 percent, which concentrated in the industries such as modern service, equipment manufacturing and so on.

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