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Economy

Trade between China's tech hub Shenzhen, EU up 15.5 pct

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2019-10-24 08:45:09Xinhua Editor : Gu Liping ECNS App Download

The imports and exports of southern China's technological powerhouse Shenzhen totaled 2.11 trillion yuan (298.3 billion U.S. dollars) in the first nine months this year, with a noticeable rise in trade with the European Union (EU).

Shenzhen Customs said Wednesday the exports of the city grew 4.8 percent to 1.2 trillion yuan from January to September.

The city's general trade reached 1.02 trillion yuan, accounting for 48.2 percent of the total imports and exports in Shenzhen.

Among its major trading partners, the trade with EU increased to 227.6 billion yuan, up 15.5 percent. Its trade with ASEAN grew 2.7 percent to 307.3 billion yuan, and its trade with countries along the Belt and Road increased by 5.7 percent to 459.4 billion yuan in the January-September period.

Private enterprises played a leading role in driving the city's foreign trade growth, with their trade increasing by 5.1 percent year on year to 1.22 trillion yuan.

Shenzhen exported 2.47 million electric motorcycles and bicycles in the first three quarters this year, up 54.4 percent year on year.

Imports of agricultural products in the city increased by 11.1 percent from January to September.

Shenzhen is home to a bevy of Chinese startups and tech heavyweights including Huawei and Tencent.

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