Economy

In the first 10 months of this year, the Yangtze River Delta, Guangdong Hong Kong Macao Greater Bay Area, Beijing Tianjin Hebei and other regions achieved new highs in foreign trade

2025-11-25   

The data recently released by the General Administration of Customs shows that in the first 10 months of this year, China's foreign trade in the Yangtze River Delta, Guangdong Hong Kong Macao Greater Bay Area, Beijing Tianjin Hebei and other regions has shown strong resilience. Among them, the import and export of the Yangtze River Delta region reached 14 trillion yuan, a year-on-year increase of 6%; The import and export of 9 cities in the Guangdong Hong Kong Macao Greater Bay Area reached a historical high of 7.52 trillion yuan; The import and export of the Beijing Tianjin Hebei region reached 3.91 trillion yuan, maintaining growth for seven consecutive months. Why is foreign trade in these three major regions accelerating? What resilience and vitality does its high-quality development reflect in China's foreign trade? With many highlights and strong resilience, the performance of private enterprises in the Yangtze River Delta region has been particularly impressive in this year's foreign trade performance. According to customs statistics, in the first 10 months of this year, the import and export of the Yangtze River Delta region reached 14 trillion yuan, a year-on-year increase of 6%; The import and export of private enterprises reached 7.83 trillion yuan, a year-on-year increase of 9.7%, accounting for 55.9% of the total import and export value, and the role of foreign trade as the main force continues to emerge. In a hardware product store in Yiwu International Trade City, Jinhua, Zhejiang, buyers from Australia, Sri Lanka, Kazakhstan and other countries are carefully inspecting samples, occasionally exchanging business cards and discussing prices with the shop owner. This year, there have been significantly more foreign faces received in the store. In the first three quarters alone, the number of new customers coming to the store has increased by 20% compared to last year. ”Shop owner Zhang Cuiyan said while tidying up the shelves. Just now, Ikram, a purchaser from Sri Lanka, signed an agency agreement with her and obtained the sales rights for two brands in Sri Lanka. This is not the first overseas agent we have signed up for, "Zhang Cuiyan revealed." With our strong products, our brand has entered several countries in recent years. "In the Guangdong Hong Kong Macao Greater Bay Area, mechanical and electrical products have become the mainstay of exports. In the first 10 months, the import and export of 9 cities in the Guangdong Hong Kong Macao Greater Bay Area reached 7.52 trillion yuan, a year-on-year increase of 4%. Among them, mechanical and electrical products accounted for nearly 70% of the total exports, while exports of electronic components and "new three samples" products increased by 19.5% and 32.2% respectively. Mechanical and electrical products play a leading role, reflecting the optimization and upgrading of foreign trade structure. On the production line of Shenzhen Grep Battery Co., Ltd., workers are proficiently conducting final testing and packaging for a batch of drone batteries that are about to be sent to Germany. The workshop is bustling with activity, and soon these orders will be loaded into containers and shipped to overseas customers. Since the beginning of this year, we have clearly felt the sustained enthusiasm of overseas markets for clean energy related products, and the company's battery product exports have maintained a strong growth momentum. "Du Peng, the deputy general manager of the company, introduced that the company's drone batteries, model batteries and other products have been exported to multiple countries and regions such as the United States and New Zealand, becoming an important support for the company's export business. In the Beijing Tianjin Hebei region, the role of the platform for opening up to the outside world is prominent. In the first 10 months, the Beijing Tianjin Hebei region maintained stable trade relations with more than 240 countries and regions, with imports and exports totaling 3.91 trillion yuan. Among them, exports amounted to 1.2 trillion yuan, setting a new historical high for the same period. The Beijing Tianjin Hebei region relies on open platforms such as the Free Trade Zone and the Comprehensive Bonded Zone to continuously expand its export growth space. In the first three quarters, Beijing Yizhuang Economic Development Zone exported 50.33 billion yuan, an increase of 22%; The export of Tianzhu Comprehensive Bonded Zone reached 3.43 billion yuan, an increase of 34%. After the launch of the China Europe freight train at Shijiazhuang International Land Port, our goods no longer need to be transported by car to Zhengzhou and Xi'an for shipment, and transportation costs have been significantly reduced. ”Wang Yufen, General Manager of Hebei Kunyuan International Freight Forwarding Co., Ltd., said that the land port also has customs supervision places and B-type bonded logistics centers. Foreign trade goods can choose to declare locally, saving waiting time for customs inspection at the port. Yu Xinchuang, Deputy Director of the Industrial Department at the Institute of Industrial Economics and Technological Economics of the National Development and Reform Commission, told reporters that the resilience demonstrated by the growth of foreign trade in the three major regions is not simply a return of orders, but a reflection of China's structural leap in the global industrial chain. Through differentiated positioning and coordinated development, regions can jointly build a more resilient and competitive open economic system. The advantages of China's large economic scale, comprehensive system, excellent structure, and good quality are accelerating, and its position in the global industrial and supply chains continues to strengthen, "said Yu Xinchuang. The advantages are obvious and the attractiveness is strong. Li Qing, Deputy Director of the Institute of Public Finance and Public Policy at Renmin University of China's School of Public Administration, told reporters that the sustained "leading" foreign trade in the Beijing Tianjin Hebei, Yangtze River Delta, and Guangdong Hong Kong Macao Greater Bay Area is due to a series of shared deep advantages: good industrial foundation and strong innovation momentum. These three regions are the most densely populated areas for innovation factors and the forefront of industrial upgrading in China. ”Li Qing believes that the main driving force of economic growth in these regions has shifted from traditional cost advantages to innovation driven. The "new three types" of products, high-tech industrial clusters, and high-end manufacturing such as aerospace and integrated circuits collectively represent China's core strength in climbing up the global industrial chain. The pioneering transformation and optimization of this industrial structure have enabled it to occupy a favorable position in global competition, "said Li Qing. 'New' is particularly prominent in Beijing's export structure. The automobile manufacturing industry has become the main growth point for exports in Beijing. In the first three quarters, the export growth rate of automobiles and auto parts in the region increased by 1.5 percentage points, and the total proportion increased to 8.2%. The export of trendy toys, integrated circuits, and medical devices maintained a steady growth momentum, with a total proportion increasing to 6.4%. Green "is a major highlight of Shanghai's exports. In the first 10 months, Shanghai's green shipping equipment performed outstandingly, with exports of liquid cargo ships reaching 27.46 billion yuan, an increase of 115%. ——Deep global connections and strong market development resilience. As the main hub for China's integration into the global economy, the three major regions are deeply embedded in the global industrial chain and supply chain system. These regions not only deeply cultivate traditional markets such as Europe and America for a long time, but also demonstrate excellent adaptability in response to changes in the global landscape. This deep linking and proactive adjustment ability effectively counteracts external demand fluctuations and achieves robust growth in complex environments. The just concluded 8th China International Import Expo attracted 4108 companies from 138 countries and regions to participate. In just a few days, the intended transaction volume reached 83.49 billion US dollars per year, an increase of 4.4% from the previous edition and a historic high. The annual event held in Shanghai has become a global benchmark for foreign trade. Global enterprises showcase new products, negotiate cooperation, seek business opportunities, exchange information, and discover trends here. Shanghai and the Yangtze River Delta region where it is located have also become highly attractive locations in the global supply chain. ——The advantages of institutional innovation are obvious. Whether it is the construction of an international first-class bay area in the Guangdong Hong Kong Macao Greater Bay Area, the regional integration development of the Yangtze River Delta, or the coordinated development strategy of the Beijing Tianjin Hebei region, they have all received top-level policy support. These regions have formed strong synergies by breaking down administrative barriers and optimizing resource allocation. Open platforms such as free trade zones and comprehensive bonded zones continue to create an international and legal business environment for enterprises through institutional innovation. The three major regions are leading the way, driving steady progress in foreign trade across the country. The eastern region continues to play a leading role, while the central and western regions have shown impressive growth rates, forming a multi-level and diversified pattern of foreign trade development. Especially in the inland regions of central and western China, foreign trade is experiencing strong growth, becoming a new force driving national foreign trade. ”Li Qing introduced to reporters that in the past year, inland open highlands represented by the Chengdu Chongqing Economic Circle and the Yangtze River Midstream Urban Agglomeration have accelerated their rise. With increasingly improved transportation and logistics infrastructure and the manufacturing foundation brought by the transfer of industries from the east, they have actively integrated into the global industrial chain. At the same time, the Northeast region is also committed to exploring new channels for opening up to the outside world, striving to become an important gateway for opening up to the north, injecting new regional diversity into China's foreign trade. The strong performance of regional foreign trade in promoting the establishment of a multi-level open system has multiple implications for the macro economy. Li Qing believes that firstly, the Yangtze River Delta, Guangdong Hong Kong Macao, Beijing Tianjin Hebei and other regions are the most dynamic and open areas of China's economy. Their foreign trade is stable with progress, directly supporting the national foreign trade base and providing strong guarantees for GDP growth, employment stability and foreign exchange income. Secondly, the optimization and upgrading of the foreign trade structure in these regions have driven the pace of national industrial transformation, propelled Chinese manufacturing towards the mid to high end of the value chain, and helped boost business confidence and market expectations, thereby mobilizing more social capital to flow into the real economy. More importantly, the differentiated development of regional foreign trade has formed a "multipolar support" pattern, avoiding the risks of relying on a single region or product in the past. For example, the Yangtze River Delta is strong in technological innovation and advanced manufacturing, Guangdong Hong Kong Macao is good at cross-border services and financial support, and the Beijing Tianjin Hebei region focuses on coordinated development and institutional innovation. This diversified dynamic structure enhances the national economy's ability to resist risks and sustainability, "said Li Qing." This also demonstrates China's advantages in market opening and industrial chain resilience, forming a good international demonstration effect. "Currently, China's regional foreign trade still faces challenges such as external demand fluctuations, global industrial chain restructuring, and rising internal costs. How should we respond? Yu Xinchuang stated that in the face of new situations and challenges, it is necessary to take multiple measures to build a new pattern of foreign trade development. One is to accelerate the optimization of regional foreign trade structure and promote the shift of products from "price advantage" to "technology+brand" dual wheel drive; The second is to strengthen regional collaboration, such as jointly building overseas warehouses, sharing supply chain platforms, and reducing cross-border logistics and transaction costs; Third, actively expand the "the Belt and Road", RCEP and other emerging markets to diversify risks and expand space. In addition, while optimizing and upgrading traditional industries, various regions should also combine their own advantages to cultivate and strengthen emerging industries, seize the high ground in new fields such as digital trade, green standards, and service exports, and achieve a balance between "stability" and "progress". Looking ahead to the future, China's regional foreign trade will usher in a broader development space. Digital trade, including cross-border e-commerce, cloud services, digital content, etc., is becoming a new growth pole in the Yangtze River Delta, Guangdong Hong Kong Macao and other regions; Green trade involves new energy equipment, energy-saving technologies, carbon trading, and is closely linked to the 'dual carbon' goal; The export of overall solutions represents China's shift from selling products to selling systems and upgrading standards, such as high-speed rail, electricity, communication, and other complete sets of output. ”Li Qing said. In this process, the regional foreign trade pattern will further differentiate and integrate. Experts believe that the Yangtze River Delta may become a leading area for the integration and development of digital technology and green technology; Guangdong, Hong Kong, and Macao rely on their financial and legal advantages to strengthen their hub functions in global service trade; The Beijing Tianjin Hebei region has formed a joint force in the integration of high-end equipment and systems overseas. At the same time, the central and western regions such as Chengdu Chongqing and the middle reaches of the Yangtze River urban agglomeration are also expected to rise as new growth poles for foreign trade through land ports and cross-border e-commerce, forming a multi-level open system of "leading in the east, rising in the central region, and following up in the west". (New Society)

Edit:Yao jue Responsible editor:Xie Tunan

Source:People's Daily

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