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Tianjin, the largest port city in north China, exported US$825 million of hi-tech products during the first two months of the year, a 50.2 percent rise on a yearly basis.
The total included US$28.37 million of photoelectric items, up 69 percent from a year earlier, 664 million dollars of computers and communications products, up 61 percent, and US$119 million of electronic products, up 14.6 percent.
As many as 91 percent of the total exports, or US$751 million worth, are hi-tech items made with imported raw materials, a figure rising by 52.6 percent from the 2002 level.
Exports to the United States, Germany, Singapore, the Republic of Korea (ROK) and Finland registered remarkable increases in the two months, with the US exports rising 68.8 percent to US$337 million, the volume to Germany going up 91.3 percent to US$83.53 million and that to Finland doubling to US$17.95 million.
Local companies funded by the US Motorola accounted for 54.9 percent of the hi-tech exports, or US$453 million, a 48 percent rise from a year ago, with the combined volume by firms invested by ROK's Samsung taking up nearly 21 percent of the total.
(Xinhua News Agency March 26, 2003)
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