New growth points, new quality productivity, and regional development are bright. China’s foreign trade has a strong momentum of steady improvement.

New growth points, new quality productivity, and regional development are bright. China’s foreign trade has a strong momentum of steady improvement.

CCTV News:In 2023, the scale of China’s import and export increased steadily, and the development quality improved, which enhanced the overall confidence. At the same time, as the economic situation continues to improve and policies continue to strengthen, new growth points such as "new three kinds", emerging markets and new formats will be further cultivated and expanded, which will accumulate more kinetic energy for the steady improvement of foreign trade.

Since the beginning of 2024, this technology company in Jiaxing, Zhejiang Province has been running at full capacity, where about 60 boxes of solar panels are put into containers every day and sent to Germany, Brazil, Spain and other countries.

Lu Zhenyu, Chief Operating Officer of Zhengtai Xinneng Technology:At present, the whole first quarter (production capacity) is full, so we work overtime to catch orders, and there is no holiday during the Spring Festival.

According to customs data, in 2023, the export value of "new three products" such as new energy vehicles, lithium batteries and photovoltaics exported from the Yangtze River Delta region reached 541.92 billion yuan, an increase of 19.7%, achieving double-digit high-speed growth. The total export volume of the Yangtze River Delta’s "New Three Samples" accounts for 51.2% of the whole country.

In 2023, the export growth rate of automobiles, mobile phones and ships in the Yangtze River Delta regions such as Shanghai, Jiangsu, Zhejiang and Anhui reached 56.8%, 41.6% and 40.1% respectively.

Wang Yang, Director of Statistics and Analysis Department of Hangzhou Customs:Hangzhou Customs fully serves the implementation of national strategies such as the integration of the Yangtze River Delta, promotes the innovation of supervision modes such as "group processing trade" and "inspection before shipment", accelerates the cultivation of new kinetic energy of foreign trade, and fully promotes the high-quality development and high-level opening of foreign trade.

2023 is the fifth anniversary of the integration of the Yangtze River Delta as a national strategy. In the past five years, the import and export of the Yangtze River Delta region has increased by 37.3%, accounting for 36.3% of the total import and export value of the country. The Yangtze River Delta region is leading the national import and export to achieve higher quality opening. 

The Yangtze River Delta region accounted for 36.3% of China’s import and export.

The data shows that new quality productivity such as emerging markets, emerging industries and new trade formats has become the main kinetic energy leading the high-quality development of imports and exports in the Yangtze River Delta region.

In 2023, the import and export of the Yangtze River Delta region reached 15.17 trillion yuan, accounting for 36.3% of the country’s total import and export value.

As a core city in the Yangtze River Delta region, Shanghai’s import and export in 2023 was 4.21 trillion yuan, a record high. Automobile exports accounted for more than one-third of the national total, with a cumulative export of 1.895 million vehicles, a year-on-year increase of 36.7%.

Another important growth pole in the Yangtze River Delta region is private enterprises. In 2023, Zhejiang’s import and export performance of private enterprises exceeded 100,000 for the first time, accounting for about one-sixth of the country’s total, driving Zhejiang’s import and export, export and import to rank first in the national growth.

In 2023, the "new three kinds" became the new kinetic energy to pull the "troika". Jiangsu’s "new three kinds" exports lead the country, among which, the export scale of electric manned vehicles increased by 3.6 times year-on-year, mainly sold to the European Union, ASEAN, Australia and other countries and regions.

In addition, the Yangtze River Delta region has the only economic and trade cooperation demonstration zone in China for Central and Eastern European countries, China, Ningbo in 2023 — The demonstration zone of economic and trade cooperation between Central and Eastern European countries and Central and Eastern European countries achieved an import and export trade volume of 50.47 billion yuan, a record high.

The trade layout is diversified and the regional development highlights are numerous.

As national key strategic regions, Beijing-Tianjin-Hebei, Yangtze River Delta and Guangdong-Hong Kong-Macao Greater Bay Area have made outstanding contributions to China’s foreign trade import and export in 2023 by 12%, 36.3% and 19% respectively.

In 2023, the import and export of 9 cities in Guangdong-Hong Kong-Macao Greater Bay Area Mainland was 7.95 trillion yuan, accounting for 19% of the total import and export value of China. The import and export of high-tech products is the highlight of this region, which shows the outstanding advantages in scientific research and development and industrial innovation.

Looking along the eastern coastal areas to the central region, in 2023, the total import and export value of Henan Province was 810.79 billion yuan, ranking first in the central region for 12 consecutive years.

In the northwest of China, Xinjiang has the largest land port facing Central Asia. In 2023, Xinjiang’s foreign trade import and export reached a record high, with a year-on-year increase of 45.9%, and its export scale to five Central Asian countries ranked first in the country.

In the southwest of China, facing ASEAN, China’s largest trading partner for four consecutive years, Yunnan has accelerated the construction of China’s radiation center for South Asia and Southeast Asia, and the trade scale has remained above 100 billion yuan for five consecutive years.

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