Waigaoqiao revenue down 13.5% in H1

SHANGHAI: The Shanghai Waigaoqiao Free Trade Zone Development Co Ltd, the largest free trade zone operator in China, yesterday reported a significant drop in first half revenue due to the dwindling foreign trade activities.

The Pudong-based State-owned company, which operates and sells industrial buildings inside the exporting zone, said its revenue from imports and exports and the logistics sector in the first half of this year was 2.21 billion yuan, a 26-percent drop over the same period of last year.