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Jinhua aims to be a global trade hub

ALMS
Updated: September 20, 2022

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A freight train departs from a port in Jinhua, East China's Zhejiang province. [Photo/WeChat account: jhfabu]

Jinhua in East China's Zhejiang has set the goal of developing itself into a global trade hub, according to the second plenary session of the eighth Jinhua Municipal Committee of the CPC.

To achieve the goal, the city will take measures to develop its e-commerce industry, strengthen global trade exchanges and hold more international conferences and expos.

Jinhua currently has 86 trading markets with an annual turnover of more than 100 million yuan ($15.38 million). Four of these markets each have over 10 billion yuan in turnover.

The city has established trade relations with more than 230 countries and regions in the world. Last year, its foreign trade volume was valued at 588 billion yuan, with its exports accounting for 2.5 percent of China's total.

Jinhua was ranked 18th nationwide in terms of foreign trade strength, according to a report.

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