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Agricultural Development Bank of China
Trade

Tianjin sees robust growth in trade with B&R countries in August

September 17, 2020


Abstract : The northern Chinese port city of Tianjin, a junction of land and sea routes for the Belt and Road (B&R) Initiative, witnessed a 21-percent year-on-year growth in trade with B&R countries in August, the local customs authorities said Tuesday.

TIANJIN, Sept. 16 (Xinhua) -- The northern Chinese port city of Tianjin, a junction of land and sea routes for the Belt and Road (B&R) Initiative, witnessed a 21-percent year-on-year growth in trade with B&R countries in August, the local customs authorities said Tuesday.

Trade between Tianjin and B&R countries accounted for 30.6 percent of the city's total foreign trade, which rose 12.7 percent year on year to 66.6 billion yuan in August, according to Tianjin Customs.

This marks double-digit growth in the city's foreign trade over three consecutive months.

Private enterprises have become a new engine to drive Tianjin's foreign trade growth. Foreign trade through private enterprises in Tianjin rose 27.6 percent year on year to 26.8 billion yuan in August.

Mechanical and electrical products topped the list of exports from Tianjin in August, accounting for 66.2 percent of the total exports. Enditem

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Keyword: trade Tianjin Belt and Road B&R countries

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