Containers await shipping at a port in Xiamen, Fujian province. [Photo/VCG]
XIAMEN -- Trade in goods of East China's coastal city of Xiamen with BRICS countries reached 47.9 billion yuan ($7 billion) in the first seven months of this year, up 20.7 percent from the same period last year, according to the Xiamen Customs.
BRICS is the acronym for an emerging-market bloc that groups Brazil, Russia, India, China, and South Africa.
Xiamen's exports with BRICS countries amounted to 15.3 billion yuan, while imports reached 32.6 billion yuan during the period, up 28.1 percent and 17.5 percent, respectively, year-on-year.
Xiamen's imports and exports with Russia, South Africa, and Brazil reached 14.8 billion yuan, 7.3 billion yuan, and 15.7 billion yuan from January to July, up 29.8 percent, 25.4 percent, and 23.3 percent, respectively, year-on-year.
Major imported goods during the period included metal ore and heavy mineral sand, agricultural products, coal, and lignite, while exports mainly included mechanical and electrical products and labor-intensive goods.
China has launched a new pilot program to allow eligible enterprises greater access to overseas financing in support of green and low-carbon transformation projects, the country's foreign exchange regulator said on Aug 21.
To further streamline the experience, China is expanding tax refund stores, broadening the range of refundable goods, and refining refund procedures, ensuring an efficient and seamless shopping experience for global visitors.
