Hohhot city records growth in imports, exports in Jan-Feb
A sweeping aerial view shows a thriving Hohhot city. [Photo provided to en.hhhtnews.com]
The value of total imports and exports of goods in Hohhot, capital of North China's Inner Mongolia autonomous region, hit 3.83 billion yuan ($602 million) in the first two months of 2022, a year-on-year increase of 23.9 percent, according to statistics released by the city's commerce bureau.
That accounts for 20.46 percent of the autonomous region's total, ranking Hohhot first in the autonomous region.
Of that, exports were worth 1.19 billion yuan, a year-on-year increase of 10.6 percent, while imports were worth 2.64 billion yuan, up 31 percent.
Since the start of the year, in the face of the impact of the COVID-19 pandemic and the changing international situation, the commerce department of Hohhot has conducted in-depth research on foreign trading companies.
It has learned all about the enterprises doing the trading, found out about the production and operations of the businesses in detail, collected their problems and promptly found out about the needs of developing businesses, as well as rolled out incentives and improved policies.
In addition, Hohhot has given full play to the leading role of the Hohhot Comprehensive Bonded Zone and the Hohhot Cross-border E-commerce Comprehensive Pilot Zone, and promoted the construction of a national foreign trade transformation and upgrading base, and a public exhibition center for cashmere products.
In this way, foreign trading enterprises based in the city can further strengthen the upstream and downstream operations of the industrial production and supply chains, reduce costs and boost their own competitiveness.