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China's Xinjiang sees foreign trade value up 48.4 pct in first half of 2024

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      China

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      China's Xinjiang sees foreign trade value up 48.4 pct in first half of 2024

      2024-07-18 18:36 Last Updated At:19:07

      The total import and export value of goods in northwest China's Xinjiang Uygur Autonomous Region grew by 48.4 percent year on year, reaching 200 billion yuan (about 27.56 billion U.S. dollars) in the first half of 2024.

      This robust growth is attributed to the high-level opening up of Xinjiang, which has advanced connectivity between China and other countries, the prominent role played by the grand channels to the west, and optimized foreign trade methods.

      In the first half of the year, Xinjiang traded with 205 countries and regions. Kazakhstan and Kyrgyzstan topped the list of trade partners, with growth rates of 45.8 percent and 8.7 percent, respectively.

      Data shows that the volume of imports and exports through Xinjiang's ports reached 39.338 million tons, marking an 11.9 percent increase. According to railway authorities, 4,691 China-Europe Railway Express trains and 3,055 China-Asia Railway Express trains passed through the Alashankou and Khorgos ports, reflecting year-on-year growth rates of 10.1 percent and 5.3 percent, respectively.

      Additionally, the import and export volumes by road, water, rail, and air transport in Xinjiang increased by 14.8 percent, 257.2 percent, 62.4 percent, and 18 percent, respectively.

      The pilot free trade zones and comprehensive bonded zones have become important engines driving Xinjiang's foreign trade.

      In the first half of the year, Xinjiang's free trade zones (FTZs) had a combined import and export value of 72.82 billion yuan (about 10.03 billion U.S. dollars), accounting for 33 percent of the total value of Xinjiang's foreign trade.

      During the same period, the total import and export value of the four bonded zones in Kashgar, Khorgos, Alashankou, and Urumqi reached 95.39 billion yuan (about 13.14 billion U.S. dollars), up by 58.1 percent, accounting for 43.2 percent of the region's trade.

      Cross-border small-volume trade, general trade, bonded logistics, and other trade modes have become more balanced, further optimizing the foreign trade structure.

      China's Xinjiang sees foreign trade value up 48.4 pct in first half of 2024

      China's Xinjiang sees foreign trade value up 48.4 pct in first half of 2024

      Next Article

      China's software business revenue up 9.9 pct in first two months

      2025-04-03 13:05 Last Updated At:13:37

      In the first two months of 2025, China's software and information technology services industry maintained the momentum of sound development, with business revenue growing steadily, data from the Ministry of Industry and Information Technology showed on Wednesday.

      In the January-February period, the software business revenue reached 1.8965 trillion yuan (about 259.25 billion U.S. dollars), an increase of 9.9 percent year on year. The total profit of the software industry was 232.8 billion yuan (about 31.82 billion U.S. dollars), up 10.7 percent year on year.

      Specifically, in the first two months of this year, the country's software product revenue reached 425.3 billion yuan (about 58.14 billion U.S. dollars), an 8.3 percent increase compared to the same period last year.

      Information technology service revenue continued to achieve double-digit growth, totaling 1.2585 trillion yuan (about 172.04 billion U.S. dollars), up 10.3 percent year on year. Notably, cloud computing and big data services generated a combined revenue of 237.6 billion yuan (about 32.48 billion U.S. dollars), up 8.8 percent year on year.

      China's software business revenue up 9.9 pct in first two months

      China's software business revenue up 9.9 pct in first two months

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