Nikkei reported that according to the latest data from Urumqi Customs, in the first 10 months of 2023, ChinaXinjiangThe region’s foreign trade volume increased 40% to US$409.2 billion, setting a new record. This raises questions about the effectiveness of sanctions imposed by Western countries on forced labor and other human rights abuses.
Xinjiang’s shipments from January to October exceeded the total trade value in 2022. In October alone, $48 billion worth of goods came in and out.
The increase in trade is partly due to increasing imports and exports from Central Asia. Kazakhstan, Kyrgyzstan and Tajikistan have the largest proportions, and mechanical and electronic products, clothing and textiles are most frequently traded.
Adrian Zenz, a German expert who has studied Xinjiang concentration camps, said that Central Asian countries as well as Malaysia andvietnamtrade, China can easily withstand export controls imposed by Western countries. In the first 10 months of this year, China, Malaysia,belarusTrade with Vietnam has the highest annual growth rate.
Finance(TagstoTranslate)Xinjiang(T)Vietnam(T)Belarus
