Rising foreign trade between Inner Mongolia, Belt and Road countries

Updated 2018-01-25 14:23:00 Xinhua

North China's Inner Mongolia Autonomous Region saw its foreign trade with countries along the Belt and Road reach 61.1 billion yuan (9.56 billion U.S. dollars) in 2017, up by 27.5 percent annually.

The import volume was 42.21 billion yuan, an annual growth of 32.6 percent; the export volume reached 18.89 billion yuan, a growth of 17.5 percent, according to local customs.

Mongolia and Russia are the major trade partners for the region. Foreign trade between local companies and their Mongolian partners was 26.46 billion yuan in 2017, up by 42.2 percent, while foreign trade between the companies and their Russian partners reached 20.6 billion yuan, up by 12.1 percent.

Jiao Zhijun, with Hohhot customs, said 89.4 percent of the total foreign trade volume to Belt and Road countries was made by private enterprises in the region.

Agricultural products, mechanical products, steel, automobiles and hi-tech products were among the exports that saw obvious rises. Products such as coal, wood and copper, iron and lead ore were among the major imports.

Jiao said that the rising prices and demand of some bulk commodities had pushed up the import volume. Chinese hi-tech products and vehicles appeal more to countries along the Belt and Road, which has helped more made-in-China products go abroad.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58May 27 2018 21:35:52

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16May 27 2018 21:35:52

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18May 27 2018 21:35:52

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords