Since the beginning of this year, Chenzhou City has made efforts to stimulate demand and increase positive factors and momentum in the field of foreign trade, with a good development trend of increasing quantity and improving quality.

 

In the first half of the year, private enterprises accounted for 80% in Chenzhou City, proving to be the main driving force for foreign trade growth. The import and export of private enterprises in Chenzhou reached 23.39 billion yuan, an increase of 10.6%, accounting for 81.5% of the total import and export value of Chenzhou. Besides, the import and export of wholly foreign-owned enterprises and state-owned enterprises hit 2.54 billion yuan and 2.51 billion yuan respectively, both taking up 8.8% of the total, surging by 342.5% and 79.8% severally.

 

In terms of trade structure, processing trade saw strong growth momentum. In the first half of the year, Chenzhou City achieved the import and export of 15.46 billion yuan through general trade, up 4.5%, accounting for 53.9% of the total.

 

In addition, imports and exports through processing trade amounted to 12.65 billion yuan, growing 54.8%, accounting for 44.1%. The processing trade is mainly about processing precious metals like crude gold, and jewelry, and silver concentrates, with varying degrees of increase in quantity and unit price.

 

The traditional market trade saw the overall recovery and the trade in the emerging market remained the rapid growth. In the first half of the year, Chenzhou City had trade relations with 152 countries and regions, with imports and exports to traditional markets such as the United States, Europe, Japan, Hong Kong, and the United Kingdom reaching 14.07 billion yuan, a year-on-year increase of 39.6%.

 

Meanwhile, the national strategies have achieved remarkable results, with rapid growth in emerging markets. The import and export of countries jointly building the Belt and Road and Africa amounted to 11.19 billion yuan and 6.06 billion yuan respectively, a growth of 4.1% and 132.9% severally.

 

Traditional and advantageous products such as precious metal jewelry continued to grow. In the first half of the year, Chenzhou City exported precious metals and jewelry products containing precious metals worth 4.11 billion yuan, an increase of 28.5%. The export of lithium-ion batteries and agricultural products reached 92.89 million yuan, up 4.8%.

 

At the same time, unprocessed and powdered platinum, non- monetary unprocessed gold, gold ore, silver ore and its concentrates were the main factors driving import growth, accounting for 87% of the total imports.