Import, export volume of China's Jiangsu reaches 2.93 trln yuan in Jan.-July
East China's economic powerhouse Jiangsu Province recorded a total import and export volume of 2.93 trillion yuan from January to July, the customs of Nanjing, capital city of Jiangsu, said Sunday.
The figure, including exports of 1.89 trillion yuan and imports of 1.04 trillion yuan, accounted for 12.4 percent of China's total volume of imports and exports during the same period.
Growth of private enterprises in terms of imports and exports over the past seven months was outstanding, totaling 1.28 trillion yuan, a year-on-year increase of 4.4 percent, while the province's foreign-invested enterprises and state-owned enterprises achieved import and export volumes of 1.39 trillion yuan and 255.9 billion yuan, respectively.
Jiangsu's trade with countries along the Belt and Road reached 853.92 billion yuan, accounting for 29.2 percent of the total. The amount of 853.92 billion yuan was an increase of 3 percentage points compared to the same period last year.
Exports of mobile phones, automotive parts and ships showed rapid growth in the first seven months of 2023, reaching 79.19 billion yuan, 46.46 billion yuan, and 35.09 billion yuan, respectively. These figures represented year-on-year growth rates of 31.6 percent, 17.7 percent, and 43.8 percent, respectively.
Recommended Posts
-
Despite EU tariffs on electric vehicles, China is projected to remain the world’s top car exporter in 2025 with an estimated 5.58 million units shipped, up 14% year-on-year. Major automakers like SAIC are diversifying product lines to include hybrid models to counter trade barriers, while BYD and Chery dominate European and Southeast Asian markets. -
The U.S. Department of Commerce introduced a new tariff offset process allowing automakers to reduce Section 232 tariffs on imported parts based on their U.S. production volume. This initiative aims to boost domestic assembly capabilities while mitigating reliance on foreign manufacturing. Eligible manufacturers can apply for tariff reductions of 3.75% (2025–2026) or 2.5% (2026–2027) of their vehicles’ MSRP. -
China will implement a batch of demonstration projects featuring advanced green and low-carbon technologies, the National Development and Reform Commission (NDRC) said Tuesday. By 2025, a number of advanced green and low-carbon technological achievements will be transformed and applied, while supportive policies, business models and regulatory mechanisms conducive to the promotion and application of the technologies will be gradually refined. It is necessary to improve policies for green and low-carbon economic development, and strengthen fiscal support, tax policy support, financial support and pricing policy support. It is imperative to promote a better combination of efficient markets and competent government, and integrate resource and environmental factors such as carbon emission rights, energy use rights, water use rights, and pollutant discharge rights into the overal...
