The Imports & Exports of Guangzhou, capital of south China’s Guangdong Province, exceeded over 1 trillion yuan (about 141.42 billion U.S. dollars) in 2019, according to local authorities.
The city’s imports reached 474.08 billion yuan in 2019, up 12.8 percent year-on-year, and its foreign trade with the European Union (EU) and Japan maintained double-digit growth.
In 2019, The city’s foreign trade with countries and regions along the Belt and Road reached 240.93 billion yuan, accounting for 24.1 percent of the total. Its scale of imports and exports via cross-border e-commerce ranked first among Chinese cities.
The data from the Guangzhou Municipal Commerce Bureau showed the city’s imports via cross-border e-commerce maintained a growth rate of more than 25 percent for four consecutive months from January to April this year.
Guangzhou will expand imports, promote the opening up of service industries, and introduce a number of large and leading projects with strong driving forces in 2020, said Wen Guohui, Mayor of the City.