Hey, have you heard about Xinjiang's latest glow-up? 🤩 This northwest region of the Chinese mainland is killing it in the trade game! In the first eight months of this year, Xinjiang's foreign trade skyrocketed by a whopping 30.9%, reaching a total of 285.32 billion yuan (that's about $40.55 billion!). Talk about making moves! 💼💰
Li Qinghua, the deputy head of Urumqi Customs, spilled the tea on what's fueling this massive growth. It's all thanks to the new comprehensive bonded zones boosting logistics efficiency and Xinjiang's successful expansion into international markets. 🌐✨
But wait, there's more! Xinjiang's trade with countries participating in the Belt and Road Initiative (BRI) jumped 28% year on year, making up a massive 92.5% of the region's total foreign trade value. Kazakhstan and Kyrgyzstan are BFFs with Xinjiang in this trade boom. 📈🤝
Private enterprises are also stepping up their game, with their trade value soaring 29.6% compared to last year. They, too, account for 92.5% of the region's total trade. That's some serious hustle! 👏🔥
And let's not forget about the cool stuff Xinjiang is exporting now—high-value products like electric passenger vehicles and lithium-ion batteries. 🚗🔋 The region is not just relying on the old ways; it's innovating and bringing fresh products to the global market.
So, what's the secret sauce? Xinjiang's prime location at the heart of the Eurasian continent makes it an essential transportation hub on the ancient Silk Road. It's like the hotspot in the Silk Road Economic Belt, a key part of the BRI that China kicked off in 2013. 🗺️✨
Xinjiang's trade success story is not just numbers—it's about a region embracing opportunities and connecting cultures across borders. Who knows, maybe your next smartphone battery or electric car might have a bit of Xinjiang magic in it! 🔮🌍
Reference(s):
Ancient Silk Road hub Xinjiang sees 31% foreign trade growth
cgtn.com
