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Haikou Jiangdong New Area
Trade

NW China Qinghai sees rising trade with B&R countries in Jan.-Feb.

March 25, 2020


Abstract : Northwest China's Qinghai province saw robust growth in its foreign trade with countries and regions along the Belt and Road (B&R) in the first two months, according to local customs.

BEIJING, March 25 (Xinhua) -- Northwest China's Qinghai province saw robust growth in its foreign trade with countries and regions along the Belt and Road (B&R) in the first two months, according to local customs.

The province's trade with B&R countries and regions from January to February amounted to 120.55 million yuan, up nine percent year on year.

Statistics showed that in the first two months, the province mainly exported ferrosilicon, coke and semi-coke, and silk fabrics, which, with a respective export value of 7.88 million yuan, 7.83 million yuan and 5.34 million yuan, accounted for 49.8 percent of Qinghai's export to B&R countries and regions.

During the January-February period, Qinghai imported 77.76 million yuan of copper ore and copper concentrate, which took up 99.3 percent of the province's total import from B&R countries and regions.

Qinghai has taken multiple measures to stabilize its trade with countries and regions along the Belt and Road amid the battle against the novel coronavirus pneumonia.

For example, the customs authority of Xining, capital city of Qinghai, has adopted measures to ensure rapid inspection and clearance for epidemic prevention and control materials, support foreign trade enterprises to resume business, and optimize relevant customs services to help enterprises address difficulties in production, operation, import and export. (Edited by Su Dan with Xinhua Silk Road, silviasu07@163.com)

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Keyword: Qinghai foreign trade

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