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E-mail China.org.cn, February 24, 2025
The Beijing News:
In recent years, China has made a series of arrangements for coordinated regional development. The Central Economic Work Conference also included strengthening the implementation of regional strategies and boosting regional development vitality as a key task. How have the various regions across China performed in terms of imports and exports last year? And what role did each region play in stabilizing the country's foreign trade? Thank you.
Wang Lingjun:
Last year, the imports and exports in various major regions of our country achieved balanced and prosperous development. I would like to invite Mr. Lyu to answer your questions.
Lyu Daliang:
Thank you for your questions. Since this is our first meeting of the year, I would like to start by wishing all friends from the media a Happy New Year.
In 2024, China's foreign trade quality improved and the volume stabilized through the coordinated efforts and hard work of the whole country. The eastern, central, western and northeastern regions complemented each other's advantages and exhibited their strengths, achieving growth in both imports and exports.
The eastern region continued to play its role as the "ballast." The total foreign trade volume for the year was 34.95 trillion yuan, an increase of 5.4%, accounting for 79.7% of the country's total import and export value. The region alone imported over 85% of the nation's crude oil and consumer goods, and exported more than 80% of labor-intensive products, household appliances and lithium batteries. The integrated development of the Guangdong-Hong Kong-Macao GBA has been continuously accelerating, with imports and exports in the nine mainland cities of the GBA growing by 10.1%, contributing 1.9 percentage points to the growth in national foreign trade. The eastern region also led in the development of the marine economy, with ship exports increasing by 60.8% and offshore drilling platform exports increasing by 1.2 times, both accounting for more than 90% of the national total in these categories.
The western and central regions are also increasingly becoming an open frontier. In 2024, imports and exports reached 7.65 trillion yuan, an increase of 4%. These regions are actively undertaking industrial transfers in an orderly manner, and continuously achieving open development. The proportion of processing trade in the total import and export value has reached 25.5%, which is 7.4 percentage points higher than the national average. More international elements are becoming a part of daily life in the inland regions. Tripe from New Zealand and catfish from Vietnam, transported via the cold chain route along the New International Land-Sea Trade Corridor, have made it onto our hotpot menus. Thai durians and Laotian bananas, imported via the China-Laos Railway, have enriched people's fruit options.
The openness of the northeast region has also further improved. Its foreign trade volume reached a new high for the fourth consecutive year in 2024, totaling 1.25 trillion yuan, an increase of 1.6%. Exports increased by 8.1%, outpacing the national export growth by 1 percentage point. The industrial advantages of the old industrial base in Northeast China, which has strong production and research and development capabilities, have been further leveraged, with engineering machinery exports increasing by 10.5%, household appliances by 14.4% and electrical control devices by 9%. Notably, the ice and snow economy industry in the northeast region continues to develop, with exports of ski boots, ski clothing and snowboards to Germany, Italy and the Netherlands growing exponentially, adding new highlights to China's foreign trade. Thank you.
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