BEIJING: The total value of imports and exports in the Yangtze River Delta region, China’s foreign trade hub, reached 15.17 trillion yuan (US$2.14 trillion) in 2023, data from China’s State Administration of Foreign Exchange (SAFE) showed.
The figure released indicated a rise in the region’s contribution to the country’s overall import and export value, which now accounts for 36.3 percent, as reported by China Central Television.
The Yangtze River Delta region, one of the most vibrant, open and innovative city clusters in China, has reaped major benefits and matured into a pacesetter of high-quality development from its integrated development, which was elevated as a national strategy by Chinese President Xi Jinping five years ago.
Known as China’s most economically dynamic region, the Yangtze River Delta region covers Shanghai and the neighbouring provinces of Jiangsu, Zhejiang and Anhui.
The Yangtze River Delta region, taking up only 4 percent of China’s land area, contributes about 25 percent of China’
s total GDP.
Originating on the Qinghai-Tibet Plateau, the Yangtze River is China’s longest waterway, running more than 6,300 km through 11 provincial-level regions before flowing into the East China Sea.
Source: Emirates News Agency