Shenzhen's trade with RCEP members exceeds 900B yuan in 2021

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Aerial photo taken on Sept. 27, 2020 shows the science and technology park along the bank of the Dasha River in Nanshan District of Shenzhen, south China's Guangdong Province. [Photo/Xinhua]

The trade volume between the southern Chinese city of Shenzhen and member states of the Regional Comprehensive Economic Partnership (RCEP) hit a record of 935.5 billion yuan (147.5 billion U.S. dollars) in 2021, up 13.6% year on year, according to the city's customs bureau.

In 2021, Shenzhen's general trade and processing trade with RCEP members continued to grow, the customs said.

The city's trade with ASEAN member states rose 12.2% year on year to 532.8 billion yuan, accounting for the majority of the total.

Mechanical and electrical products took a dominant position in the city's trade, the customs said.

The RCEP agreement was signed among 15 participating countries in November 2020, including 10 ASEAN members and some of their major trading partners, namely China, Japan, the Republic of Korea, Australia, and New Zealand.

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