China's Xiong'an New Area reports surging cross-border e-commerce trade in Jan.-Aug.

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Aerial photo taken on March 31, 2022 shows the Xiong'an Railway Station in Xiong'an New Area, north China's Hebei Province. (Xinhua/Xing Guangli)

China's Xiong'an New Area reported a total cross-border e-commerce import and export volume of 208 million yuan from January to August this year, an increase of 183 million yuan or nearly seven times over the same period last year, according to the Xiong'an New Area Management Committee.

Xiong'an New Area's foreign trade showed strong resilience in January-August, with the cumulative import and export surged by 55 percent year-on-year to 1.95 billion yuan, ranking the second in Hebei Province in terms of growth rate, according to Shijiazhuang Customs.

Xiongan's exports climbed 74.1 percent year-on-year to 1.57 billion yuan in the first eight months of the year, while its imports reached 380 million yuan, up 7 percent from a year earlier.

The area has witnessed the leap-forward development of new foreign trade formats such as cross-border e-commerce, with the establishment of Baiyangdian Industrial Park and Liangmatai Industrial Park in the area.

In response to the Hebei Provincial Government's call for stabilizing foreign trade and foreign investment, Xiong'an New Area has issued 32 specific policies in related fields to provide foreign trade enterprises with more convenient conditions to promote the development of regional foreign trade.

The Management Committee of Xiong'an vows to continue offer policy support for enterprises in the area, to inject vitality into the development of high-quality foreign trade.

China announced plans to establish Xiong'an New Area on April 1, 2017, to relieve Beijing of functions non-essential to its role as the national capital and advance the coordinated development of the Beijing-Tianjin-Hebei region.

Editor: Su Dan
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