Beijing has reached a record high in foreign trade for the first half of 2024, with total trade figures soaring to 1.83 trillion yuan (about USD 256.61 billion), as reported by the Beijing Municipal Customs Administration. This marks a notable 3.6 percent increase in import and export activity compared to the same period last year, positioning Beijing as a key player in China’s international trade, accounting for 8.7 percent of the nation’s total foreign trade.
The city’s exceptional performance is largely fueled by the growth of emerging industries, which have become increasingly influential. These industries contributed 27.8 percent to Beijing’s total export volume in the first six months of the year. This growth underscores a significant shift in Beijing’s trade profile, reflecting the expanding role of innovative and high-tech sectors in driving the city’s economic success and enhancing its global trade presence.
The expansion of these emerging sectors highlights Beijing’s evolving trade dynamics and its adaptation to new economic trends, reinforcing its growing importance on the international stage.
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