Weekly review of China's social and economic developments amid COVID-19 control

Source: Xinhua| 2020-12-19 18:30:41|Editor: huaxia

BEIJING, Dec. 19 (Xinhua) -- China is powering ahead in bringing business and life back on track, with regular COVID-19 control measures in place. The following are the latest facts and figures for the past week:

-- Central China's Henan Province saw its foreign trade cross 100 billion yuan (about 15.3 billion U.S. dollars) in November, a monthly record, local authorities said.

From January to November, the province's foreign trade has grown 11.5 percent to more than 574 billion yuan, according to Zhengzhou customs.

-- North China's Tianjin Municipality saw robust foreign trade growth in October as its economy further recovers from the COVID-19 epidemic.

Its foreign trade grew for the fifth straight month in October, rising 12.1 percent year on year to 61.82 billion yuan (about 9.45 billion U.S. dollars), according to Tianjin Customs.

-- Southwest China's Yunnan Province reported a more than tenfold increase in cross-border e-commerce trade volume in the first 11 months of this year, local customs authorities said Tuesday.

The import and export value of cross-border e-commerce in the province reached 640 million yuan (about 97.7 million U.S. dollars), 13.3 times higher than the number for the same period last year, according to the Kunming customs.

-- Electricity consumption in east China's economic powerhouse Jiangsu Province grew 8.4 percent year on year to 54.37 billion kWh in November as the economy continues to rebound from the COVID-19 epidemic.

The robust increase, the fastest for November over the past five years, helped power consumption return to growth for the January-November period, edging up by 0.25 percent year on year, according to the State Grid Jiangsu Electric Power Co., Ltd.

-- The sales of four offshore duty-free shops in south China's island province of Hainan have exceeded 30 billion yuan (about 4.6 billion U.S. dollars) so far this year, said the Hainan provincial department of commerce.

From Jan. 1 to Dec. 14, duty-free sales at the four locations surpassed 25 billion yuan and the sales of taxed goods reached about 5 billion yuan, both doubling last year's figures.

-- Shanghai saw accelerated foreign investment growth in the first 11 months of this year as overseas investors looked to cash in on business opportunities.

The actualized use of foreign investment in Shanghai rose 6.8 percent year on year to 19.04 billion U.S. dollars in the January-November period, the Shanghai Foreign Investment Association said on Thursday.

-- The China Import and Export Fair held in south China's Guangdong Province will expand its total exhibition construction area by 40 percent, according to local authorities on Friday.

The expansion project of the expo, also known as the Canton Fair, kicked off on Friday and will create 5,000 new stands and set up a meeting center of 50,000 square meters to cope with the growing number of exhibitors over the years. Enditem