Guangdong Exports Up 5.4% January to April

Guangdong exported CNY1.68 trillion of goods and services over January to April, an increase of 5.4% y/y, according to data from the Guangdong Branch of the General Administration of Customs. The export sector benefited from the border reopening with Hong Kong, with mechanical and electrical products up 2.3% y/y accounting for 66% of the regions total exported value. New growth areas have increased strongly with lithium batteries and solar batteries up 35.4%, and 102.4%. Guangzhou‘s customs area exported over 11,000 new energy vehicles, up 316.1% y/y, which has become a new growth point for foreign trade. (Source: 21st Century Herald).