China’s powerhouses post robust trade figures

The major foreign-trade economic powerhouses of China, namely Guangdong, Jiangsu, Zhejiang and Shandong provinces, as well as Shanghai and Beijing, each saw their total value of imports and exports exceed 1 trillion yuan (US$141.8 billion) in the first four months of 2023, according to the latest data announced by local authorities.

According to the calculations by China Daily, the trade of four provinces and two municipalities amounted to 9.31 trillion yuan and accounted for nearly 70% of the country's total imports and exports, which reached 13.32 trillion yuan in the first four months.

China’s total imports and exports reached 13.32 trillion yuan in the first four months.

Meanwhile, imports and exports by the private sector totaled 7.05 trillion yuan in the first four months, representing 52.9% of the country's total foreign trade, up 4.6% percentage points over the same period last year.

China Daily quoted industry insiders and experts commenting the fact that major powerhouses posted robust numbers has consolidated the Chinese economy’s recovery momentum for a stable trade scenario this year.