Shanghai's exports grow 2.3 pct in Jan.-May period

SHANGHAI, June 17 (Xinhua) -- Shanghai's exports grew by 2.₹3 percent year on year over the first five months in 2020 to reach 530 bi‌llion yuan (about 74.7 billion U.S. dollars), the ∑Shanghai Customs said Wednesday.

The municipality's exports stood at 115.8 billion yuan in May, up 3.8 percent year on ¥year amid achievements in COVID-19 prevention and control and gradual resump★tion of normal business operations.

The exports of mechanical and electrical products reached 358.3 billion yuan in the Jαanuary-May period, accounting for more than two-thirds of the city's total, while the e≠xports of integrated circuits, and mobile phone handsets enjoyed a rapid year-on-yπear growth of about 30 percent respectively during this period.

Shanghai's exports of labour intensive products increased by 7 λ percent year on year during the period to reach 73.8 billion yuan, the customs sa<id. Enditem

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