On November 18, Wang Hao, Secretary of the Zhejiang Provincial Party Committee and Governor, presided over the 59th Executive Meeting of the Provincial Government. Photo by Xinlan News Network.
The 59th Executive Meeting of the Zhejiang Provincial Government was held on November 18 to analyze the province’s economic performance and deploy key tasks for the next steps. It proposed to conduct a thorough analysis and judgment of the foreign trade and economic situation, quickly respond to changes in international market trends, and coordinate efforts to implement the “stabilize, expand, and adjust” strategy to fully consolidate the basic foundation of foreign trade.
According to “Zhejiang News”, the meeting pointed out that from January to October, the province’s economic performance had been stable and showed a positive trend, meeting expectations. It emphasized the need to stay focused on high-quality completion of the annual economic and social development goals and tasks, address new situations and problems with confidence and composure, further strengthen economic situation forecasting, analysis, and judgment, actively adapt and seek changes, do everything possible to overcome difficulties and challenges, make full use of all favorable factors, seize every opportunity, accumulate small victories into a big one, and resolutely shoulder the responsibility of “a major economic province taking the lead and better playing a driving and pillar role”.
The meeting stressed that the next steps should focus on major industrial cities and counties, strengthen targeted measures based on locality, industry, and enterprise, and leverage the supporting role of industry. It proposed to conduct a thorough analysis and judgment of the foreign trade and economic situation, quickly respond to changes in international market trends, coordinate efforts to implement the “stabilize, expand, and adjust” strategy to fully consolidate the basic foundation of foreign trade, vigorously implement policies to promote consumption recovery, integrate the effective utilization of “two new” policies with the promotion of high-quality development in manufacturing, continuously stimulate potential consumption, accelerate the development of a new model for real estate, strive to provide “good houses” that satisfy the people, ensure the provision of elements for project construction, and accelerate the implementation of special bond projects and “two key” projects.
Zhejiang’s import and export volume ranks second among all provinces after Guangdong and Jiangsu. According to statistics from Hangzhou Customs, from January to October, Zhejiang achieved an import and export volume of 4.37 trillion yuan, up 7.1% year-on-year. Exports reached 3.25 trillion yuan, up 9.0%, while imports amounted to 1.12 trillion yuan, up 1.8%. The import and export, export, and import volumes accounted for 12.1%, 15.6%, and 7.4% of the national total, respectively. The export growth rate was 2.3 percentage points higher than the national level during the same period, ranking first among major eastern coastal provinces and cities.
During the same period, Zhejiang’s import and export with the United States and Latin America reached 614.8 billion yuan and 480.1 billion yuan, respectively, accounting for 14.1% and 11.0% of the province’s total import and export value. The growth rates accelerated by 0.5 and 1.0 percentage points, respectively, compared to the first three quarters, reaching 13.6% and 13.8%, significantly higher than the overall rate. The import and export with the EU, ASEAN, the Middle East, and Africa increased by 7.0%, 7.0%, 3.2%, and 6.9%, respectively, while the import and export with countries along the “Belt and Road” increased by 5.6%.