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Anhui Boosts Foreign Trade with Countries Involved in Belt and Road Initiative

source:www.cnanhui.org release date:2017/08/08 hits:242

 

For six consecutive months, Anhui, a province in the eastern part of China, has kept its volumes of foreign trade with countries involved in China’s Belt and Road Initiative at a year-on-year growth rate of more than 20.00 percent, customs data showed.

Anhui - Belt and Road countries’ imports and exports stood at 45.49 billion yuan ($6.79 billion) in the first half of 2017(H1), up 34.10 percent from the same period a year earlier, according to Hefei Customs.

In breakdown, exports rose 31.20 percent to 34.22 billion yuan, while imports totaled 11.27 billion yuan, representing a year-on-year increase of 44 percent.

Belt and Road countries accounted for 26.9 percent of the province’s total foreign trade value between January and June.

The value of electro-mechanical exports increased versus that of traditional labor-intensive exports. In the Jan-Jun period, the province exported 21.60 billion-yuan electro-mechanical products to Belt and Road countries, up 45.80 percent, while its labor-intensive exports fell 14.4 percent to 3.46 billion yuan.

Car exports surged an astonishing 88.60 percent and solar cell exports even doubled compared to the same period last year.