Current location:business >>
Jilin eyes stable foreign trade growth in 2024
business498People have gathered around
IntroductionTechnicians carry out quality tests on vehicles at Hongqi's manufacturing base in Changchun, Northea ...
Technicians carry out quality tests on vehicles at Hongqi's manufacturing base in Changchun, Northeast China's Jilin province, in July. ZHANG NAN/XINHUA
Jilin province in Northeast China is expected to see stable growth in foreign trade this year, driven by deepening business ties between China and Russia, surging trade volume facilitated by cross-border e-commerce, and the nation's thriving automobile industry, said government officials and trade analysts on Wednesday.
The optimism has been fueled by Jilin's remarkable performance in foreign trade last year, with the province achieving a record 167.91 billion yuan ($23.38 billion) in total exports and imports.
This marked a year-on-year growth of 7.7 percent, ranking it ninth in China in terms of growth rates, data from Changchun Customs showed.
Jilin's vehicle exports achieved a notable milestone in 2023 with a year-on-year surge of 158.3 percent.
Jilin's foreign trade with Russia will accelerate this year, pushed by fast-growing cross-border e-commerce business between China and Russia, Russia's soaring demand for Chinese industrial goods such as vehicles, manufacturing equipment, garments and textile products, as well as the two countries' complementary trade structure, said Ding Yibing, dean of the School of Economics at Jilin University in Changchun, the provincial capital.
Jilin had a trade volume of 29.73 billion yuan with Russia in 2023, a year-on-year growth of 71.5 percent and accounting for 17.7 percent of its total foreign trade, according to Changchun Customs.
Meanwhile, Jilin's exports of automobiles to Russia reached 57,000 units, a significant increase of 655.8 percent year-on-year. Its total sales value was 13.08 billion yuan, marking a growth of 475.4 percent on a yearly basis.
Eager to further enrich its trade ties with Russia, Hunchun, a border city in Yanbian Korean autonomous prefecture in Jilin, has opened multiple cross-border transportation routes through seaports such as Vladivostok and Slavyanka in Russia, and launched new foreign trade formats such as used car exports and market procurement trade with Russia since last year.
In 2023, the cross-border e-commerce import and export trade value in Hunchun reached 5.1 billion yuan, a 44 percent growth year-on-year, securing its position as the top land border port in the country for trade with Russia.
Lyu Jiwei, deputy director of Jilin's provincial department of commerce, said the government will take new measures to expand vehicle exports and related components this year.
"Jilin will focus on promoting industrial agglomeration and accelerating the construction of a modern industrial system through the strategic layout of the auto industrial chain," he said.
By embracing a green development concept, the province aims to activate and expand new growth drivers, further advancing the high-quality development of its traditional industrial bases, he added.
Jilin boasts a well-developed processing and manufacturing sector, thanks to its favorable environment for revitalizing its old industrial base.
Li Dongchun, head of Xinglong Customs, a branch of Jilin Customs, said local Customs authorities will guide auto parts manufacturers and logistics companies in making the best use of the preferential policies in Customs special supervision areas and help exporters save on operational costs.
After seeing its sales grow by 8.8 percent year-on-year to 3.37 million vehicles in both the domestic and global markets last year, China FAW Group Corp Ltd, a Changchun-headquartered automaker, plans to export 158,000 vehicles in 2024, according to the group's website.
China FAW Group's high-end EV brand Hongqi has successfully entered countries such as the United Arab Emirates, Saudi Arabia, Russia and Norway in recent years.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Global Glimpse news portal”。http://falklandislands.antjekoch.com/content-55e799888.html
Related articles
Shooting injures 2 at Missouri high school graduation ceremony
businessCAPE GIRARDEAU, Mo. (AP) — Two people were injured when gunfire broke out during a high school gradu ...
【business】
Read moreKunming Zoo welcomes a newborn Asian elephant calf
businessPhoto taken on Oct. 20, 2021 shows a newborn Asian elephant calf and his mother Yaming in Kunming Zo ...
【business】
Read moreBirds, locals in harmony under China's wetland conservation
businessMigratory birds are seen in Chenhu Lake Wetland Nature Reserve in Wuhan, capital of central China's ...
【business】
Read more
Popular articles
- Mark Wahlberg's new action
- People enjoy leisure time during National Day holiday across China
- Water projects to help bolster economy
- Xi Urges Submarine Crew to Become Elite Force
- Ben Whishaw lights up the Croisette as he joins his co
- Xi Sends Greetings to Working People Nationwide Ahead of Int'l Workers' Day
Latest articles
Australia, New Zealand send planes to evacuate nationals from New Caledonia
Huangguoshu Waterfall transformed into misty wonderland in SW China's Guizhou
Amazing sea of cloud appears over township in Hubei
Xi Extends Condolences to Angolan President over Disastrous Heavy Rains
Scottie Scheffler's Louisville court date postponed after arrest during PGA Championship
A Journey to Mogao Grottoes in Dunhuang through light and shadow
LINKS
- China celebrates 30 years of internet access, boasting over 1 billion users
- Researchers develop deep
- Billionaire oil heiress Ivy Getty puts on a VERY glamorous show on Met Gala red carpet
- More floods expected in China's Pearl River basin
- Hurricanes shut down on power play again, fall into 0
- Dua Lipa slips into a tiny ab
- Fans are following Taylor Swift to Europe after finding Eras Tour tickets less costly there
- Matt Damon and wife Luciana Barroso glam it up for the 2024 Met Gala
- Florida Gov. Ron DeSantis banned lab
- Lauren Sanchez walks 2024 Met Gala red carpet WITHOUT billionaire fiance Jeff Bezos