Tianjin’s trade with BRI and ASEAN countries grows in Jan-Feb

 Breaking News
  • No posts were found

Tianjin’s trade with BRI and ASEAN countries grows in Jan-Feb

March 27
21:18 2020

BEIJING, China – March 27, 2020 – North China’s Tianjin Municipality reported an increase in its trade with countries participating in the Belt and Road Initiative (BRI) and ASEAN (Association of Southeast Asian Nations) countries in the first two months of 2020 when its foreign trade dropped 9.8 percent.

According to the statistics released by local customs authorities on Sunday, Tianjin’s foreign trade with countries along the BRI valued 25.3 billion yuan from January to February, an increase of 6.2 percent year on year and accounting for 25.5 percent of its total foreign trade.

During the period, its trade with ASEAN countries reached 12.7 billion yuan, increasing 7.8 percent on year and taking up 12.8 percent of the total foreign trade.

However, hit by the epidemic and influenced by the Spring Festival factors, Tianjin’s foreign trade dropped 9.8 percent on year to 99.06 billion yuan in the first two months of this year.

An official with Tianjin Customs said that with the implementation of measures to accelerate the resumption of work, stabilize foreign trade and promote economic growth, Tianjin’s foreign trade has shown strong resilience. The decline of import in February has slowed significantly.

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Portal of Xinhua News Agency. It’s also an authoritative website of the China’s silk road economic belt and the 21st Century Maritime Silk Road. It provides the content on BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Media Contact
Company Name: Xinhua Silk Road
Contact Person: Zhang Yuan
Email: Send Email
Phone: 86-10-6307 6014
Country: China
Website: https://en.imsilkroad.com/

Related Articles