THE exports of electrical and mechanical products to countries along the Belt and Road (B&R) in October reached 25.65 billion yuan (US$4.02 billion), a year-on-year increase of 12 percent, statistics from Shenzhen Customs showed.
The volume took up 80.9 percent of the total exports from Shenzhen to B&R countries in October. The exports were mainly electrical tools and equipment, electronic components, computers, automated data processing equipment and spare parts, and LCD panels.
Between January and October, the total trade with B&R countries and regions was 606.1 billion yuan, up by 12.9 percent year on year.
The exports of Shenzhen Taihengnuo Science and Technology Co. Ltd., a subsidiary wholly funded by Transsion Holdings, a provider of smart devices and mobile services for consumers in global emerging markets, reached 9 billion yuan in the first 10 months of the year, up by 16 percent year on year. Taihengnuo’s smartphones and panels are popular in African markets.
Statistics from Transsion showed that the company’s three mobile phone brands TECNO, itel and Infinix ranked sixth, 21st and 25th respectively among the 2021 Top 100 Most Admired Brands in Africa, a ranking compiled by well-known Pan-African business magazine, African Business, in June 2021.
Between January and October, Shenzhen operated a total of 104 Sino-Europe freight trains with B&R countries and regions, carrying 69,000 tons of goods in 4,979 carriages worth 2.6 billion yuan, customs data showed.