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China’s Heilongjiang province sees rise in trade with Japan

The outbreak has driven down commodity prices and placed huge swathes of Chinese territory on lockdown, potentially disrupting purchasing demands in the US-China trade deal. Photo: AP. Sketched by the Pan Pacific Agency.

HARBIN, Nov 16, 2020, Xinhua. Northeast China’s Heilongjiang Province saw trade with Japan grow 9.2 percent in the first three quarters of this year compared with the same period last year, local customs said, Xinhua reported.

The province’s total foreign trade with Japan reached 2.1 billion yuan (about 319 million U.S. dollars), with 1.29 billion yuan of imports, rising 30.7 percent from the same period last year.

Heilongjiang’s total foreign trade during the period reached 118.23 billion yuan, a decrease of 15 percent. Total exports reached 26.9 billion yuan, a rise of 6.6 percent.

China and Japan are participants in the Regional Comprehensive Economic Partnership agreement signed Sunday. The agreement launched the world’s biggest free trade bloc.

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