The foreign trade of the Chinese province of Guangdong totaled US$527 billion in 2006, or 23 percent more than in 2005, according to the local authorities.

The province’s foreign trade accounted for 30 percent of the US$1.76 trillion Chinese total, placing it in first place, followed by Shanghai and Jiangsu province.

The province’s exports rose 27 percent to US$302 billion and imports rose 19 percent to US$225 billion, according to the Guangzhou Customs Department.

Trade carried out by foreign-owned companies rose 24 percent to US$345 billion, or 65 percent of the total.

Guangdong is considered the Golden Province of China, this is an industrial hub that works for foreign markets.

US is among the first consumers of goods manufactured here.


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