Beijing's imports and exports in the first ten months of 2023 amounted to CNY 2.99 trillion, an increase of 1.3 percent compared to the same period of last year. This growth solidifies the foundation for the stable high-quality development of Beijing's foreign trade.

Beijing has achieved remarkable results building itself into a center for science and technology innovation. Specifically, the volume of imports and exports in the first ten months of 343 specialized, high-end and innovation-driven "Little Giants" enterprises with distinctive products or services reached CNY 11.14 billion, marking a growth of 10.1 percent.

The opening up platforms have enhanced the quality of imports and exports, with the Beijing Tianzhu Comprehensive Bonded Zone exceeding the CNY 100 billion mark. In the first ten months, Beijing Tianzhu Comprehensive Bonded Zone realized imports and exports of CNY 103.91 billion, an increase of 39.9 percent, exceeding CNY 100 billion for the first time in its history.

The import acceleration of information technology and pharmaceuticals continues to release momentum. Beijing's imports of electronic integrated circuits have maintained positive growth for three consecutive years. In the first ten months, Beijing imported CNY 49.78 billion of electronic integrated circuits, an increase of 44.7 percent, exceeding the import volume for the entire previous year.

In the first ten months, Beijing imported CNY 104.28 billion of pharmaceutical materials and medicines, marking an increase of 34.3 percent, surpassing the national growth rate by 19.1 percentage points. It accounted for 34.2 percent of the country's total value of imports of pharmaceutical materials and medicines in the same period, ranking first after outperforming Shanghai.

(Source: Beijing Daily)