Guangdong province saw its foreign trade grow by 27.6% year-on-year in December, accounting for almost a third of China's total overseas trade for the month, state media reported. For the full year Guangdong saw a record total import and export volume of US$357.13bn, up 26% on 2003 and accounting for 30.9% of China's total. Guangdong, with its strategic location adjacent to Hong Kong and the Pearl River Delta, has been China's top foreign trading province since the start of the country's economic reforms. Commenting on the figures, Wu Sihai, an official from Guangdong Customs, warned that international energy price hikes and growing trade conflicts would affect Guangdong's foreign trade in 2005. His advised exporters to diversify trade partners and develop energy-saving products.
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