Foreign trade in China’s Yangtze River Delta hits record high in January-April

SHANGHAI: The Yangtze River Delta region, China’s foreign trade hub, saw its imports and exports reach a high of 5.04 trillion yuan (about US$0.7 trillion) in the first four months of this year, up 5.6 percent year-on-year, with the value of imports and exports accounting for 36.5 percent of the national total, according data released by the Shanghai Customs.

According to China Central Television (CCTV), the Yangtze River Delta region includes Shanghai and the provinces of Jiangsu, Zhejiang, and Anhui, encompassing a total of 41 cities.

From January to April, the region handled imports and exports valued at 2.26 trillion yuan (about US$0.31 trillion) with Belt and Road partner countries, up 7.6 percent year-on-year, accounting for 34.5 percent of China’s overall foreign trade with other countries covered by the Belt and Road Initiative during the same period.

Also, the region’s imports and exports with other BRICS countries reached 670 billion yuan (about US$93 billion), a year-on-year growth of 12.7 perce
nt. This accounted for 33.9 percent of the country’s overall imports and exports with other BRICS countries during the same period.

Source: Emirates News Agency