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

Xinhua Silk Road Database
Local

Beijing's foreign trade decline narrows

November 20, 2020


Abstract : Beijing has seen rebounding foreign trade since July, customs data showed Thursday.

BEIJING, Nov. 19 (Xinhua) -- Beijing has seen rebounding foreign trade since July, customs data showed Thursday.

The year-on-year decline of Beijing's foreign trade narrowed to 17.1 percent between July and October from 30 percent in the second quarter of this year, Beijing Customs said.

In October alone, Beijing's imports and exports exceeded 184 billion yuan (about 27.6 billion U.S. dollars), down 17.6 percent from the same period last year. The decrease was 20.3 percent lower than that in May, with the lowest trade volume so far this year.

The European Union was Beijing's major trade partner in October, with the volume of imports and exports surging 30 percent year on year to 28.59 billion yuan, accounting for 15.5 percent of Beijing's total.

Foreign-invested enterprises maintained strong performance in October. Their trade volume jumped 26.8 percent year on year to 46.17 billion yuan, accounting for 25.1 percent of Beijing's total.

In October, Beijing's automobile imports went up 71 percent, and export of mobile phones and textile and clothing increased 33.6 percent and 26.6 percent, respectively. Enditem

Scan the QR code and push it to your mobile phone

Keyword: trade Beijing

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.

Identifying code 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