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Trade

NW China province sees trade with B&R countries in Q1 stand at RMB3.67 bln

April 22, 2020


Abstract : Northwest China's Gansu Province saw its trade with the countries along the Belt and Road routes stand at 3.67 billion yuan (about 518 million U.S. dollars) in the first quarter of the year, according to the customs in Lanzhou, capital of the province, on Tuesday. 

BEIJING, April 22 (Xinhua) -- Northwest China's Gansu Province saw its trade with the countries along the Belt and Road routes stand at 3.67 billion yuan (about 518 million U.S. dollars) in the first quarter of the year, accounting for 42.6 percent of the province's total foreign trade, according to the customs in Lanzhou, capital of the province.

In the context of the export decline across the board, its agricultural product exports bucked the trend and increased by 38.3 percent during the period.

As a traditional agricultural province, Gansu has diverse climates, sufficient sunlight, and large temperature differences between day and night, with less environmental pollution and high-quality agricultural products. At present, it has developed six major industries such as forest fruits, vegetables, Chinese medicinal materials, herbivores, potatoes, and corn seed production.

According to statistics, in the first quarter of this year, Gansu exported 600 million yuan worth of agricultural products such as vegetables, fruit and vegetable juices, edible oil seeds, and beans.

As of the end of 2019, the foreign trade enterprises based in Gansu Province had set up 12 overseas business representative offices and 111 international marketing service outlets, and built 5 public platforms for international marketing services, mainly distributed in the United Arab Emirates, Thailand, Vietnam, Kazakhstan, and Belarus. (Edited by Hu Pingchao with Xinhua Silk Road, hupingchao@xinhua.org)

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Keyword: foreign trade Belt and Road

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