Xiao Yu, Deputy Director and Party Committee Member of Xining Customs, announced on March 11 that Qinghai Province’s foreign trade with Belt and Road Initiative (BRI) countries totaled 9.5 billion yuan in the first two months of 2024. This marks a 91.7% increase compared to the same period last year and accounts for 81.2% of the province’s total foreign trade volume. Xiao emphasized that Qinghai is promoting high-quality BRI cooperation and diversifying its international trade partnerships.
On the same day, Xining Customs and the Qinghai Provincial Department of Commerce held a press conference. Speaking at the event, Xiao Yu highlighted the growing diversity of Qinghai’s international trade partners, stating, “This year, our top five trading partners are the European Union, ASEAN, Russia, the Democratic Republic of the Congo, and New Zealand. The total trade volume with these countries reached 9.3 billion yuan, accounting for 79.4% of the province’s total foreign trade.”
Wu Bin, Deputy Director of the Qinghai Provincial Department of Commerce, explained that they support enterprises in mitigating international trade risks and expanding their trade cooperation channels. He stated that Qinghai actively utilizes its foreign trade risk early warning mechanism to closely monitor changes in international trade policies. The province focuses on collecting information related to key export industries such as chemicals, photovoltaics, lithium batteries, agricultural products, and new materials. Additionally, they track policy adjustments, price fluctuations, trade barriers, market demand, and overseas industrial park developments. Wu noted that this information is promptly shared with municipal commerce authorities, industrial parks, and enterprises to facilitate better decision-making.
https://www.chinanews.com.cn/cj/2025/03-11/10381572.shtml