The Beijing-Tianjin-Hebei region, also known as Jing-Jin-Ji, has been on a remarkable journey over the past decade. This powerhouse in north China has transformed its trade dynamics by seamlessly blending air and sea gateways, leading to a boom in foreign trade.
In 2023, the region's imports and exports soared to 5.03 trillion yuan (about $699.24 billion), marking growth for the third year in a row. That's a whopping 34.4% increase since 2014! 📈
Back in 2014, China launched a strategic initiative to coordinate the development of Beijing, Tianjin, and Hebei Province. The goal? To create a robust economic structure, ensure a cleaner environment, and enhance public services.
Fast forward ten years, and Jing-Jin-Ji has delivered impressive results. The region's GDP surged by 90%, reaching 10.4 trillion yuan (about $1.46 trillion) in 2023, showcasing the power of integrated regional development. 💪🌏
Reference(s):
Deep integration fuels foreign trade in Beijing-Tianjin-Hebei region
cgtn.com