STATE FARM REPORTS TRADE SURPLUS
AsiaInfo Services, December, 1999
AsiaInfo Services 12-30-1999 State Farm Reports Trade Surplus CHINA, December 30, AsiaPort -- The exports of the Xinjiang Production and Construction Corp, the country's largest State farm, brought in US$ 157 million by the end of October, US$ 37 million more than imports. It marked the first trade surplus for the corporation.
The figure for exports was a 97 percent increase over 1998, according to an official from the farm in the Xinjiang Ugyur Autonomous Region in Northwest China. In the January-October period, the farm's general trade revenue of the corps stood at US$ 64 million, with cotton exports making up 86 percent of the total. That is double the company's cotton export volume over the past eight years. Copyright 1999...
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