Shaoxing releases economic data for first four months
Shaoxing unveiled its economic performance report for the first four months of the year, indicating a continued positive and steady economic momentum throughout the city.
Of particular note is the total import and export volume for the first four months of this year, which reached 153.1 billion yuan ($21.11 billion), surpassing 150 billion yuan for the first time in history during the same period.
Among these figures, exports amounted to 138.8 billion yuan, while imports reached 14.3 billion yuan, representing growth rates of 12.5 percent and 54.5 percent respectively.
The city has shown sustained efforts in emerging markets, with exports to Africa, 154 countries participating in the Belt and Road Initiative, and other Regional Comprehensive Economic Partnership member countries growing by 25.9 percent, 8.9 percent, and 6.8 percent respectively.
Zhejiang Fengdao Co, located in Xinchang county, was initially an enterprise exporting fresh-cut flowers. In recent years, the company has shifted to exporting creatively designed flowers. Its market has expanded to include Japan and South Korea, with exports increasing by over 20 percent in just the first two months of this year.