East China province reports trade growth with ASEAN, B&R countries

NANJING (Xinhua) – East China’s Jiangsu Province reported steady trade growth with the Association of Southeast Asian Nations (ASEAN) as well as Belt and Road countries.

In the January-July period, its trade with ASEAN members rose 13.9 per cent year on year to 322.6 billion yuan (USD46.2 billion) and that with the Belt and Road countries grew 11.8 per cent to 600.4 billion yuan, according to the Nanjing Customs.

The growth rates are much higher than its overall trade growth.

In the seven months, its total trade rose 2.4 per cent year on year to 2.46 trillion yuan. Exports gained 7.2 per cent to 1.55 trillion yuan while imports fell 4.7 per cent to 916.9 billion yuan.

Privately-owned businesses saw foreign trade grow 10.6 per cent year on year to 757 billion yuan, raising the proportion among the total by 2.2 percentage points to 30.7 per cent.

Among all categories, exports of integrated circuit products, mobile phones, and solar batteries grew 14.6 per cent, 16.7 per cent and 61.4 per cent, respectively.