Beijing's foreign trade embarked on a 'promising start' in the first quarter, with total imports and exports amounting to 719.89 billion yuan, and exports experiencing a 2.2% growth. For 21 consecutive months, private enterprises have witnessed year-on-year export growth, emerging as the primary catalyst for foreign trade expansion. The pharmaceutical health and automotive industries shone particularly brightly, recording growth rates of 70.5% and 56%, respectively. Foton Motor has bolstered its international competitiveness through localized production and technological innovation, while Kangtai Biological Technology has leveraged its technological prowess to penetrate the ASEAN market. The Beijing Municipal Commission of Commerce, in collaboration with customs and other relevant departments, is aiding enterprises in navigating emerging markets and fostering a novel export model that seamlessly integrates technology with ecology, backed by policy support and enhanced services.
