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Guangdong foreign trade drops

CHINA'S Guangdong Province, which ranks first in foreign trade among provincial-level regions, posted a fall in the first five months of the year in external trade that's lower than the national average.

According to local customs data released Saturday, Guangdong's foreign trade value totaled US$208.52 billion between January and May, a drop of 21.8 percent from the same period last year. Exports fell 18.5 percent to US$125.39 billion and imports tumbled 26.3 percent to US$83.13 billion.

The province's exports to major markets such as Hong Kong, the United States and the European Union, remained lackluster in the first five months.

Sales to the US fell 15.2 percent and those to the European Union posted a tumble of 22.5 percent.

The year-on-year decline widened in May after having narrowed for three consecutive months, indicating a persistent negative effect of the global financial crisis, local customs sources said.

The province's foreign trade fell 31.1 percent in January, 19.2 percent in February, 18.3 percent in March, 18.1 percent in April and 22.1 percent in May.


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