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Guangdong Trade Surged In The First 5 Months

Guangdong's trade surged in the first 5 months
Guangdong's trade surged in the first 5 months

Guangdong Trade Surged In The First 5 Months

According to a statement issued by the Guangdong Customs on Friday, Guangdong. China’s largest foreign trade country, totaled 3.15 trillion yuan ($484.62 billion) in imports and exports in the first five months of this year, a year-on-year increase of 27.1%.

The statement said that this figure accounted for 21.3% of the country’s total.

As of the five months in May, the province’s external sales of products were 1.91 trillion yuan and 1.24 trillion yuan was purchased from abroad and regions.

The statement stated that these figures increased by 30.1% and 22.8% year-on-year, respectively.

From January to May, the province’s foreign trade with the Association of Southeast Asian Nations, Hong Kong and the European Union all increased by at least 20%.

Guangdong’s foreign trade import and export with ASEAN was 489.41 billion yuan. A year-on-year increase of 28.3%, and trade orders with Hong Kong were 427.94 billion yuan, a year-on-year increase of 24.9%.

From January to May, the province’s imports and exports to the EU. The United States amounted to 353.16 billion yuan. 349.25 billion yuan up 28% and 36.2% year-on-year respectively.

Since the beginning of the year, ASEAN, Hong Kong. Furthermore, the European Union and the United States have been Guangdong’s four major trading partners.

FOREIGN INVESTORS IN CHINA IS STILL A SAFE HAVEN

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Written by Hüseyin Ali

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China is still a safe haven for foreign investors

Foreign Investors in China Is Still A Safe Haven

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