Border trade links China and Southeast Asian countries

By Li Jingrong
0 Comment(s)Print E-mail, October 30, 2018
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Dongxing, located in the southern part of Guangxi Zhuang autonomous region, is China's only port city linking it with Southeast Asian countries by land and sea, serving as a "friendship bridge" for trade and personnel exchanges.

The gateway of Dongxing, a port city in south China's Guangxi Zhuang Autonomous Region. [Photo/]
The gateway of Dongxing, a port city in south China's Guangxi Zhuang autonomous region. [Photo/]

As one of the most convenient passages for China to reach Southeast Asian countries, Dongxing makes full use of its strategic geography and the golden opportunity provided by the Belt and Road Initiative to rapidly develop the border trade economy.

From 2015 to 2017, the total import and export volume in Dongxing amounted to 151.67 billion yuan (about US$22 billion), of which the import volume increased from 13.62 billion yuan to 24.21 billion yuan, and the export volume decreased from 33.81 billion yuan to 26.63 billion yuan.

More encouragingly, with the establishment of the China-ASEAN Free Trade Area and the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity, Dongxing has played a more important role in China's opening up to the outside world. In 2017, the number of people entering and leaving the port was 9.97 million, witnessing a significant achievement in cross-border personnel exchanges.

At the same time, Dongxing has made great progress in poverty alleviation and industrial upgrading, with the whole city having taken on an entirely new look. Since 2015, the number of border trade processing enterprises has increased from five to 28, providing more than 600,000 jobs for local people, whose annual income has increased from 7,200 yuan to 170,000 yuan.

E-commerce in Dongxing has developed quickly in recent years, with the number of related enterprises reaching 2,573, recruiting more than 10,000 employees. From January to September this year, e-commerce trading volume in Dongxing exceeded 2.6 billion yuan.

Driven by border trade, the local economy has seen continuous and high-quality development, including the rising living standards of those living in Dongxing.

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