Trade mission visits city in eastern China for closer economic ties

An international trade delegation visited Quzhou in eastern China's Zhejiang province from Tuesday to Thursday to seek trade and investment cooperation.

Led by Azamjon Mansurov, consul general of the Republic of Uzbekistan in Shanghai, the delegation consisted of 16 representatives from Uzbekistan, the U.K., the Republic of Korea, Greece, and other countries and regions. 

They toured the Quzhou Intelligent Manufacturing City as well as companies specializing in energy, agriculture, and semiconductor materials. They also attended presentations and engaged in discussions with local businesses for networking and partnering opportunities.

Mansurov said there is a broad prospect for cooperation with Quzhou, which has emerged as a new growth engine of Zhejiang's economy.

Zhang Jinhua, deputy secretary-general of the Quzhou municipal government, said Quzhou has been capitalizing on the opportunities brought by the Belt and Road Initiative and the Regional Comprehensive Economic Partnership (RCEP) to expand global cooperation regarding industrial capacity, logistics, financial services, and other sectors. 

In the first three quarters of 2023, Quzhou's total imports and exports reached 52.16 billion yuan ($7.29 billion), a year-on-year increase of 17.4%, outpacing other cities in the province. 

In particular, Quzhou's trade with Belt and Road partner countries reached 31.33 billion yuan in the same period, up 22.5% year on year. Its trade with other RCEP member countries amounted to 22.45 billion yuan, registering a year-on-year increase of 40.1%.