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Foreign trade in Yellow River Basin hits 1.09 tln Yuan in Jan-Feb

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Foreign trade in Yellow River Basin hits 1.09 tln Yuan in Jan-Feb

2026-03-14 21:15 Last Updated At:21:37

Latest official customs data showed the total import and export value of the nine provinces and autonomous regions along the Yellow River reached 1.09 trillion yuan (about 158 billion U.S. dollars) in the first two months of 2026, rising 15.4 percent year on year.

The figure, a new record for the period, highlights the Yellow River Basin's foreign trade performance, characterized by steady expansion and leading other inland regions.

Specifically, trade growth within the Yellow River basin varied significantly. Six provincial-level regions along the river recorded growth, with Shaanxi, Inner Mongolia, Henan, and Ningxia leading the way -- posting year-on-year increases of 69 percent, 38.6 percent, 28.2 percent, and 23.9 percent, respectively.

Looking at export categories, the "new three" (electric vehicles, lithium-ion batteries and photovoltaic cells), along with other high-tech and agricultural products saw notable growth. Mechanical and electrical products, in particular, surged 17.3 percent, accounting for 61 percent of total exports.

Take the marine economy in east China's Shandong Province as an example: its mechanical and electrical products, especially high-value marine engineering equipment with long supply chains, have shown impressive export momentum. These products have held the world's largest market share for several consecutive years, injecting strong momentum into China's foreign trade growth.

"We have successfully overcome key technical challenges, including the welding of ultra-high-strength steels, and integrated air-cooled generators above 1,000 kW and air-conditioning systems into offshore platforms. This fills a technological gap in related domestic fields," said Xie Wanpeng, a deputy general manager at Qingdao Haixi Heavy-Duty Machinery Co., Ltd., a subsidiary of China State Shipbuilding Corporation (CSSC)'s Wuhan Marine Machinery Plant Co., Ltd.

The shipbuilding and offshore engineering equipment industry, integrating high-end manufacturing, new materials, and smart systems, requires a resilient and increasingly sophisticated industrial chain for support.

At the Haixi Bay Shipbuilding and Marine Engineering Industrial Base in Qingdao, east China's Shandong Province, where the company is located, over 50 shipbuilding, offshore engineering equipment manufacturing, and supporting enterprises have clustered. This has formed a powerful industrial ecosystem featuring leading players driving innovation, research and development-led growth, and full-chain collaboration.

"About 30 percent of the materials for our ongoing projects are supplied by the local industrial cluster. This shortens procurement radius and significantly reduces logistics costs. Currently, we have over 100 platforms and port machinery equipment under construction, with delivery dates scheduled through 2027," said Zhou Zhenfeng, a project manager of offshore platform division at Qingdao Haixi Heavy-Duty Machinery Co., Ltd.

Foreign trade in Yellow River Basin hits 1.09 tln Yuan in Jan-Feb

Foreign trade in Yellow River Basin hits 1.09 tln Yuan in Jan-Feb

Nearly 100 guests from the Chinese and American business, academic, and media sectors gathered in New York Friday to discuss new opportunities brought to the world by China's blueprint for high-quality development.

The "China in Springtime: China's Development Opportunities for the World" high-level dialogue, hosted by China Media Group, came after the "two sessions" concluded in Beijing, an event watched closely by many industry leaders in the United States.

Speakers said that as a key window into contemporary China, the annual "two sessions" once again drew global attention. This year's meetings approved important documents, including the Outline of the 15th Five-Year Plan (2026-2030). This roadmap for China's high-quality growth is seen as providing a new list of opportunities for the world.

Participants emphasized that China's development cannot be separated from the world, and global prosperity also requires China. They described this year as significant for China-U.S. relations, calling for a steady, sound, and sustainable development in bilateral ties that benefits both nations and the world.

During the session, guests from the investment and technology sectors explored topics such as the potential for China-U.S. economic and trade cooperation, as well as the global opportunities arising from technological innovation and new quality productive forces.

The event also featured screenings of CMG-produced programs, including an amazing martial arts performance presented by a dozen humanoid robots with young Kungfu artists at the recently staged Spring Festival Gala, China's most-watched TV show.

The dialogue series will be held in countries across Europe, Asia, Africa, the Middle East, and Latin America.

High-level dialogue in New York brings China's development opportunities to world

High-level dialogue in New York brings China's development opportunities to world

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