In the first 8 months of this year, Central China's Henan province saw a steady progress in commerce overall, featuring rapid growth of trade in goods, rise in foreign investment, slowdown in consumer market recovering and substantial increase of outbound investment, said the Department of Commerce of Henan Province recently.
477.01 billion yuan achieved in trade in goods, 71.0 percent of the total amount planned for 2021
Registered an average two-year growth of 27.4 percent, Henan's trade in goods during the January-August period expanded 46.8 percent year-on-year (ranking 6th in China, 23.1 percentage points higher than the national average) to 477.01 billion yuan (12th, 71.0 percent of the total planned) with an increase of 61.4 percent over the same period in 2019. Specifically, the export value amounted to 295.76 billion yuan (10th) with a year-on-year increase of 43.2 percent (6th, 20 percentage points higher than the national average), while the import value rose 53.2 percent year-on-year (6th, 28.8 percentage points higher than the national average) to 181.25 billion yuan (14th). In August alone, Henan's trade in goods saw a year-on-year increase of 9.6 percent to 52.07 billion yuan, of which the export value rose 3.1 percent year-on-year to 28.8 billion yuan while the import value 19.0 percent to 23.27 billion yuan.
The US, the ASEAN and the EU (excluding the UK) became Henan's biggest trading partners. Its foreign trade with the countries under the Belt and Road Initiative reported a year-on-year increase of 21.7 percent to 106.02 billion yuan, accounting for 22.2 percent of the province's total foreign trade volume. During the period, the total value of imports and exports from cross-border e-commerce (including express packages) reached 135.22 billion yuan with an increase of 26.5 percent year-on-year, up 28.8 percent over the same period in 2019, resulting in an average two-year growth of 13.5 percent. Specifically, the export value saw a year-on-year increase of 24.8 percent to 98.24 billion yuan while the import value 31.4 percent to 36.98 billion yuan.
203 foreign-funded enterprises newly established, up 38.1 percent from a year earlier
In the first 8 months of this year, Henan saw 203 newly established foreign-funded enterprises with an increase of 38.1 percent year-on-year. Besides, the province's actual absorption of foreign capital jumped 7.1 percent year-on-year to 12.96 billion US dollars, up 9.2 percent over the same period in 2019, with an average two-year growth of 4.5 percent. During the period, 3,830 projects funded by other provinces across China were newly added with an increase of 23.9 percent year-on-year. Its actual absorption of foreign capital expanded 4.1 percent from a year earlier to 712.43 billion yuan (67.0 percent of the total planned), up 5.8 percent over the same period in 2019, with an average two-year growth of 2.9 percent. In August alone, Henan's actual absorption of foreign capital jumped 0.7 percent from a year earlier to 87.05 billion yuan.
6 projects, each investing more than 10 million US dollars, were newly added with a total investment of 330 million US dollars, accounting for 93.2 percent of the total investment of the newly established foreign-funded enterprises in August. (Chinese source: dahe.cn Translator: Zhao Hanqing Poster: Wang Junyi Proofreader: Ding Lan)
