Quanzhou sees surging foreign trade in August

Responding to the impact of the novel coronavirus epidemic, the city of Quanzhou in East China’s Fujian province has actively developed new trading protocols and methods and its foreign trade has recovered quickly and in an orderly fashion, showing a steady and positive trend.

In August, the value of foreign trade of Quanzhou hit 19.35 billion yuan ($2.83 billion), a year-on-year increase of 1.4 percent and a new monthly high in 2020.

ASEAN continued to maintain its position as Quanzhou's largest trading partner in August. Trade between the city and ASEAN saw an increase of 71.6 percent to 6.08 billion yuan, against the same period last year.

During the month, the value of imports and exports of private enterprises in the city rose by 15.7 percent to 13.27 billion yuan, while the value of trade by State-owned enterprises increased by 146.8 percent to 1.04 billion yuan.

Exports of seven categories of traditional labor-intensive products -- including textiles, clothing, furniture, luggage, shoes, plastic products, and toys -- reached 9.58 billion yuan, accounting for 62.2 percent of Quanzhou's total exports in August, a year-on-year increase of 13 percent.

Since the start of the year, Quanzhou has vigorously developed its cross-border e-commerce enterprises.

This saw the value of cross-border e-commerce imports and exports from January to July hit 1.74 billion yuan, a year-on-year increase of 161.6 percent.