Guangdong trade breaks US$300b for first time

Guangdong's trade has exceeded US$300 billion a year for the first time, doing so in the first 11 months of this year.

It rose 25.8 per cent year on year to US$319 billion, accounting for 30.7 per cent of the nation's total trade, customs statistics showed.

Exports rose to US$169.46 billion. The figure for the whole of last year was US$152.94 billion.

Exports by foreign-invested companies amounted to US$107.37 billion, making up 63.4 per cent of total exports.

Imports grew 27.2 per cent year on year to US$149.61 billion.

Wang Xi , an economics professor at Sun Yat-sen University, said the surge in exports was due to the yuan's weakening in tandem with the US dollar.