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GLOBALink | RCEP boosts export-oriented economy of China's coastal city

Updated:2022-10-28 16:45:21


After the Regional Comprehensive Economic Partnership (RCEP) went into effect, more and more enterprises in China's coastal city of Xiamen are benefiting from the deal, adding new impetus to the city's export-oriented economy.

Statistics released by Xiamen's municipal bureau of commerce show that the city enjoys close economic and trade relations with other RCEP member states, which plays an important role in Xiamen's export-oriented economy.

In 2021, bilateral trade between Xiamen and the RCEP countries accounted for more than one-third of Xiamen's total trade.