rki.news | Sources: Xinhua
GUANGZHOU, May 25 – China will release aggregated foreign trade data covering the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) to support regional development.
The move is part of 20 measures issued by the General Administration of Customs to promote high-quality development of the GBA, a major economic cluster linking Hong Kong and Macao with nine mainland cities in Guangdong, including Guangzhou, Shenzhen, and Zhuhai.
At present, trade data for mainland cities, Hong Kong, and Macao are compiled separately under different systems, making it difficult to calculate overall regional figures through simple aggregation.
Chinese customs authorities will work with counterparts in Hong Kong and Macao to compile unified trade-in-goods data for the GBA and release it at an appropriate time, said Lin Shaobin of the General Administration of Customs.
He said the new framework will improve analysis of trade trends and provide a more complete picture of regional economic performance.
The GBA, one of China’s most open and dynamic economic regions, has shown strong foreign trade growth. In the first four months of this year, imports and exports of the nine mainland cities rose 18.4 percent year on year to 3.4 trillion yuan (about 497.3 billion U.S. dollars), accounting for around one-quarter of China’s overall foreign trade growth.