Many provinces and cities have become the main foreign trade positions along the "the belt and road initiative"

Release time:

2019-07-31

This month, China's many provinces and cities drying out half a year economic report card. Combing through the data of Zhejiang, Shandong, Chongqing, Fujian and other places, it is not difficult to find that the growth rate of imports and exports to countries along the "Belt and Road" has obviously become a common feature in many places in China. Under the downward pressure of the economy, the countries along the "Belt and Road" have increasingly become the main foreign trade positions of provinces and cities.

The eastern province of Zhejiang is a major foreign trade province in China. Its economic data for the first half of the year showed that the province's GDP reached 2825.6 billion billion yuan (RMB, the same below), an increase of 7.1 percent over the same period last year. Exports reached 1048.4 billion yuan and imports reached 360.5 billion yuan, up 6.6 and 3.3 year on year. Among them, Zhejiang's exports to countries along the "Belt and Road" were 357.9 billion billion yuan, an increase of 9.9 percent, accounting for 34.1 percent of the province's total exports.

Behind the macro data is the direction of the enterprise. Zhu Senlan, general manager of Yiwu Yijun Luggage Co., Ltd., said: "Long ago, in the face of international trade instability, we expanded the 'Belt and Road' along the countries and other emerging markets. From January to April this year, the export value of enterprises increased by 15.14 percent year-on-year."

Zhang Qianjiang, deputy director of the Zhejiang Provincial Department of Commerce, said in an interview with Chinanews that Zhejiang has strived to deal with unstable factors by continuously improving the response mechanism and increasing the development of diversified markets. "We focus on running 24 self-run exhibitions with the main layout of countries along the'Belt and Road', and through the development of diversified emerging markets, we promote the expansion of exports by independent brands of enterprises, and cultivate new advantages in foreign trade."

Such foreign trade characteristics are also reflected in the economic data of many provinces and cities.

In the first half of the year, Shandong's imports and exports to countries along the "Belt and Road" were 278.66 billion billion yuan, which was 11 percentage points higher than the overall growth rate of the province's imports and exports. Among them, the export of mechanical and electrical products accounted for more than 30%, and the export of labor-intensive products, steel, agricultural products and other major products maintained growth.

Chongqing, the only municipality directly under the Central Government in the central and western regions, has also significantly accelerated the development of foreign trade with countries along the "Belt and Road". In the first half of the year, the city's total imports and exports totaled 73.42 billion billion yuan, an increase of 32%. Behind this, it also benefits from Chongqing's construction of the China-Europe Express (Chongqing) from the west to Europe, and the "new land-sea channel" from the south to Southeast Asia, etc., to build an international logistics system.

According to the figures released by Fujian, the province's imports and exports to countries along the "Belt and Road Initiative" route totaled 220.21 billion billion yuan in the first half of the year, an increase of 13.6 percent over the same period last year, showing strong growth momentum. Its export commodities are mainly textile and clothing, furniture, luggage, footwear, plastic products, toys and other six categories of labor-intensive products, as well as mechanical and electrical products, which together accounted for 70.5 of Fujian's total export value to countries along the "Belt and Road Initiative" route in the same period.

"It can be expected that the'Belt and Road' initiative can effectively stimulate the economic growth of relevant provinces in China." Ye Hang, a professor of economics at Zhejiang University, said that under the current economic situation at home and abroad, the development of emerging markets such as countries along the "Belt and Road Initiative" route can reduce their dependence on a single market and better integrate into the global supply chain, industrial chain and value chain. produce huge economic and social benefits.

(Source: China News Network)

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