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Foreign trade of China's economic powerhouse hits record high

BY :Xinhua

UPDATED :2024-10-22

This photo taken on September 13, 2024 shows an experimental high-speed train running along the Longyan-Longchuan High-Speed Railway in South China's Guangdong province. (Photo/Xinhua)


Guangdong province, a powerhouse of China's economy, has reported a new record in its foreign trade for the first three quarters of the year, with imports and exports reaching 6.75 trillion yuan (US$ 951 billion), a year-on-year increase of 11.1 percent.


The province's exports stood at 4.39 trillion yuan in the period, up 9.1 percent year-on-year, while imports totaled 2.36 trillion yuan, a year-on-year growth of 15 percent, Zhang Ke, deputy director of the Guangdong sub-administration of the General Administration of Customs of China, said at a news conference on October 21.


Guangdong's foreign trade now represents 20.9 percent of the nation's total, maintaining its leading position with a major contribution to the nation's growth. The province's foreign trade growth rate outpaced the national average by 5.8 percentage points.


The new historic high of Guangdong's foreign trade scale for the same period has demonstrated the strong economic resilience and vitality of the province, Zhang said.

Editor: Joyce