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Alshaa League's imports, exports gain in first half of year

(goinnermongolia.com.cn)
Updated: 2023-08-04

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Alshaa Customs staff members inspect goods. [Photo/Alshaa Daily]

In the first half of the year, the Alshaa League – located in North China's Inner Mongolia autonomous region – reported a significant surge in imports and exports.

The total value reached a record 4.81 billion yuan ($670 million), up a massive 405.3 percent compared with the previous corresponding period.

That growth rate exceeded the regional average by an impressive 372.4 percentage points, securing Alshaa League's position as the second highest performer in the autonomous region.

The performance of Alshaa League in imports and exports is said to robustly demonstrate the region's commitment to economic development and international trade. With its strategic location and favorable business environment, it's become an attractive hub for trade and investment.

The substantial growth in imports and exports is being attributed to various factors. Firstly, the local government's proactive measures and policies have created a favorable business environment, attracting both domestic and foreign traders.

Additionally, Alshaa League's rich natural resources - including mineral deposits and diverse agricultural products – have contributed to its increased commercial activities.

The achievements of Alshaa League in the import and export trade are said to not only be a testament to its economic growth, but also reflect the continuous efforts and dedication of local businesses and traders. They reportedly showcase the region's increasing competitiveness in the global market and its ability to adapt to changing international trade dynamics.

Looking ahead, plans are for Alshaa League to further strengthen its position in global trade. The local authorities are understood to be committed to fostering innovation, promoting technological advancements and attracting more investment – to diversify and expand the range of traded goods and services.