Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Haikou Jiangdong New Area
Economy

SW China Sichuan reaps fruitful results in B&R economic and trade co-op

April 24, 2019


Abstract : Southwest China's Sichuan Province has achieved great results in economic and trade cooperation under the Belt and Road Initiative.

BEIJING, April 24 (Xinhua) -- Southwest China's Sichuan Province has achieved great results in economic and trade cooperation under the Belt and Road Initiative.

According to Sichuan Daily, the Province has already realized full coverage of economic and trade exchanges with Belt and Road (B&R) countries.

To be specific, Sichuan's goods imports and exports with B&R countries in the first quarter of this year rose by 9.8 percent year on year to 38.92 billion yuan, 6.1 percentage points higher than the national average and taking up 26.7 percent of the Province's total foreign trade in this period.

During this period, the Province had set up 262 enterprises in these countries, with Chinese investment totaling 4 billion U.S. dollars and involving manufacturing, wholesale and retail, business service and energy and water production and supply.

Besides, its newly-signed contracts with these countries valued 414 million U.S. dollars from January to March this year.

Its service exports to these countries have already accounted for over one-third of its total service exports.

Products featuring Sichuan characteristics like embroideries, lanterns and giant pandas keep gaining access to new market channels in B&R countries, a source with the provincial Department of Commerce said.

For instance, lantern firms from Zigong, a city in Sichuan, had held 78 exhibitions in 37 B&R countries and regions in 2018, reaping a sales revenue of 2 billion yuan, up 46 percent year on year.

So far this year, lantern firms from the city have already signed 41 exhibition orders with more than 20 B&R countries and regions. (Edited by Gu Shanshan)

Scan the QR code and push it to your mobile phone

Keyword: Belt-and-Road Sichuan economic and trade cooperation

Reading:

Chinese social e-commerce platform Yunji sets terms for its U.S. IPO

Interview: Economist says BRI bolsters growth in Africa

China to release guidelines on steel industry consolidation

China operates int'l air routes reaching over 170 cities in 63 countries

Suning signs strategic cooperation agreement with Coca-cola

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial