Hebei: target for imports and exports of goods to grow at an average annual rate of more than 8% by 2027, with a total volume exceeding 800 billion yuan.

The General Office of the people's Government of Hebei Province recently issued the "Action Plan for Hebei Province to accelerate the Construction of an Open and strong Province (2023-2027)." It is mentioned that the goal is to achieve an important breakthrough in opening up and building a strong province by 2027. The scale of foreign trade has been further expanded, the structure has been continuously optimized, the development model of trade in services has been more abundant, and the development of digital trade has been significantly accelerated. Imports and exports of goods have increased by more than 8 per cent a year, with a total volume exceeding 800 billion yuan. The import and export of services exceeded US $7 billion, with an average annual growth rate of more than 10%, of which offshore service outsourcing exceeded US $650 million, with an average annual growth rate of more than 15%. Major progress has been made in attracting investment. Investment projects in the Fortune 500 and multinational corporations have increased significantly, with paid-in foreign investment reaching 2.1 billion US dollars, with an average annual growth rate of more than 5 per cent.