GUIYANG — Southwest China’s Guizhou province reported robust export growth in the first seven months of this year despite the COVID-19 epidemic.

Guizhou’s exports hit 20.94 billion yuan (about $3 billion) in the Jan-July period, up by 24.5 percent year-on-year, the second-highest growth pace among all provincial-level regions nationwide, said Ji Hong, director of the provincial commerce department.

Imports fell by 37.5 percent year-on-year to 4.35 billion yuan, the official told reporters.

Exports fared better than expected as the province has taken a slew of measures to help export-oriented enterprises and foreign-funded businesses resume production in an orderly manner to counter the impact of the COVID-19 epidemic, Ji said.

Local authorities have rolled out more than 30 support polices, including measures to help tackle the enterprises’ financing bottlenecks, support with customs guarantee insurance, and reduce logistics costs, Ji said.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

This discount retailer is crushing it during the pandemic

New York (CNN Business)Retail bankruptcies are piling up during the pandemic, and a record number of brick-and-mortar stores are expected to permanently close this year. But one discount furniture and home decor chain is cleaning up. Big Lots (BIG), a…

Decades before the iPad, Apple’s Newton tablet system was deemed a massive failure

San Francisco (CNN Business)A computer that “fits in the palm of your hand” that you can write on “like a notepad” that turns your scribbles into text on the screen. Sound familiar? That was CNN’s description of Apple’s Newton tablet…

Why brands like Oreo are cutting back on wacky flavors right now

New York (CNN Business)Shoppers are stocking up on items to eat at home, and they’re finding less variety on grocery store shelves. That’s partly because items are selling out more quickly than they used to. But it’s also because major…

London to trial new way of using buses after 14 transport workers die

Bus drivers fear for their safety and are calling on their employers to clean up dirty vehicles after 14 transport workers died from coronavirus in London alone and further deaths were recorded in Birmingham and Bristol. Transport for London (TfL)…