The resilience of the stable growth of China’s regional foreign trade in the first ten months has been demonstrated

       In the first ten months of this year, the foreign trade in regions such as the Yangtze River Delta, the Guangdong-Hong Kong-Macao Greater Bay Area, and the Beijing-Tianjin-Hebei region in China has shown an upgrading trend towards new and better, demonstrating strong resilience.
       According to customs statistics, in the first ten months of this year, the import and export volume of the Yangtze River Delta region reached 14 trillion yuan, increasing by 6% year-on-year. Private enterprises’ imports and exports reached 7.83 trillion yuan, up by 9.7% year-on-year, accounting for 55.9% of the total value of imports and exports. The role of the main force in foreign trade has continued to be demonstrated. 
       The imports and exports of the nine cities in the Guangdong-Hong Kong-Macao Greater Bay Area on the Chinese mainland reached 7.52 trillion yuan, up 4% year-on-year, setting a new record for the same period in history. Mechanical and electrical products accounted for nearly 70% of the total exports. The exports of electronic components and the “new three types” products increased by 19.5% and 32.2% respectively. The structure of foreign trade has been continuously optimized and upgraded. 
       In the first ten months, the total volume of imports and exports in the Beijing-Tianjin-Hebei region reached 3.91 trillion yuan, with exports hitting a new high and maintaining growth for seven consecutive months. Exports to the countries along the Belt and Road Initiative accounted for nearly 60%, while exports to emerging markets such as Latin America, Africa and the five Central Asian countries increased by 14.6%, 31.9% and 40.2% respectively. The diversified market layout has been continuously optimized.

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