The Beijing-Tianjin-Hebei region, often referred to as \\"Jing-Jin-Ji\\", has emerged as a powerhouse in China's foreign trade landscape. Over the past decade, this city cluster in northern China has dramatically reshaped trade dynamics by seamlessly integrating air and sea gateways, fostering unprecedented economic growth and international trade.
In 2023, the region's imports and exports soared to a staggering 5.03 trillion yuan (approximately $699 billion), marking the third consecutive year of growth. This impressive figure represents a 34.4 percent increase compared to 2014, underscoring the effectiveness of strategic regional integration.
The foundation for this success was laid in 2014 when China launched the Coordinated Development strategy, aiming to harmonize the growth of Beijing, Tianjin Municipality, and Hebei Province. The objective was to create a more robust economic structure, promote a cleaner environment, and enhance public services across the region.
A decade later, the results speak volumes. The Beijing-Tianjin-Hebei region's gross domestic product (GDP) surged by 90 percent, reaching 10.4 trillion yuan (about $1.46 trillion) in 2023 compared to 2013. This remarkable growth highlights the region's pivotal role in China's broader economic strategy and its capacity to adapt to global market demands.
The \\"Jing-Jin-Ji\\" integration has not only boosted economic output but also facilitated smoother logistics and better connectivity, making the region a magnet for foreign investment and international trade partners. As the Beijing-Tianjin-Hebei region continues to evolve, it stands as a testament to the power of coordinated regional development in driving sustained economic success.
Reference(s):
Deep integration fuels foreign trade in Beijing-Tianjin-Hebei region
cgtn.com
