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SHANGHAI – EU
Shanghai - EU, Shanghai’s trade with the European Union grew 12 percent.
Shanghai trade rose 4.6 percent from a year earlier in 2014, stronger than the national growth for the first time since 2010.
The city’s trade value amounted to 2.9 trillion yuan (US$467 billion) last year. The growth rate compared with the national average of 2.3 percent last year.
The pilot free trade zone has served as an engine to stabilize and bolster the city’s trade, the faster growth in imports also pointed to the city’s efforts in industrial restructuring and a shift to a consumption-led economy.
Shanghai’s trade with the European Union grew 12 percent last year, and that with the United States added 2.8 percent, trade with Japan fell 2.1 percent, customs data showed.
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