China News Service, Nanning, September 20 (Reporter Lin Hao) The Department of Commerce of Guangxi Zhuang Autonomous Region notified on the 20th that from January to August this year, Guangxi’s foreign trade imports and exports amounted to 392.89 billion yuan (RMB, the same below). Exports amounted to 216.1 billion yuan, a year-on-year increase of 31.4%, achieving rapid growth.
According to data provided by Nanning Customs, from January to August, Guangxi's import and export to ASEAN was 189.16 billion yuan, accounting for 48.4% of Guangxi's total foreign trade, an increase of 32.4%, and it continued to rank as Guangxi's largest trading partner.
Among other RCEP member states, Guangxi’s imports and exports to Australia were 14.92 billion yuan, an increase of 29.9% year-on-year; imports and exports to Japan were 5.87 billion yuan, an increase of 13.3% year-on-year; South Korea’s imports and exports were 5.61 billion yuan, an increase of 19.9% year-on-year; Exports were 530 million yuan, a year-on-year increase of 89.7%.
Nanning Customs analysis believes that thanks to the acceleration of the construction of the new land-sea corridor in the west, the advantages of Guangxi's large corridor have been further brought into play, which has led to a substantial increase in the import and export of bonded logistics and has become a key factor in stimulating the growth of foreign trade import and export.
At the same time, the development of Guangxi's non-ferrous metal, iron and steel and food processing industries has driven strong import demand for copper ore, iron ore, soybeans and other resource-based commodities, driving the overall acceleration of imports.
Yang Chunting, director of the Guangxi Department of Commerce, said that in the next step, Guangxi will introduce relevant support policies to increase support for key foreign trade enterprises, ease the huge pressure on enterprises caused by rising raw material prices and logistics costs, and stabilize general trade and borders. Small-value trade exports have promoted the accelerated growth of new forms of foreign trade such as cross-border e-commerce and market procurement trade.
At the same time, Guangxi will do a good job in deblocking border ports to ensure smooth customs clearance at the Friendship Pass.
Strengthen the coordination and guidance of the barge capacity and the deployment of foreign trade containers to ensure the operation of "everyday shifts" in Hong Kong.
Stable operation of the cross-border direct China-Europe train with Guangxi as the starting point to satisfy the export of Guangxi's advantageous commodities.
Expand the financing of market entities and the coverage of policy-based export credit insurance, and reduce the risk of enterprises in opening up the market.
Guangxi will also provide precise services to key processing trade enterprises, strengthen tracking and assistance to key newly introduced enterprises, and promote new enterprises to put into production as soon as possible to form production capacity.
Plan the investment promotion activities of processing trade, focus on promoting the docking of coastal industries to the Guangdong-Hong Kong-Macao Greater Bay Area, do a good job in attracting investment in the industrial chain, actively strive for the landing of potential projects, and cultivate new growth points.
"We will also actively connect with neighboring provinces in the central and western regions, carry out research and promotion activities, publicize and promote the advantages of the new western land and sea channels and the preferential policies of Guangxi Pilot Free Trade Zone, promote the establishment of enterprises outside the zone in Guangxi, carry out foreign trade import and export business, and promote foreign trade. Quantity." Yang Chunting said. (over)Keywords: