Exports from Beijing-Tianjin-Hebei hit record high

Exports from the Beijing-Tianjin-Hebei region soared to a record high in the first five months of this year, driven by strong private sector performance and surging high-end equipment sales, according to Beijing Customs data.

The region's total export value reached 567.46 billion yuan ($80.3 billion) from January to May, marking a 2.7 percent year-on-year increase and setting a historic peak for the period, People's Daily reported on Monday.

Among the contributors, private enterprises emerged as the dominant force, contributing 45.1 percent of the region's total export value, with their exports surging 13.3 percent to 255.95 billion yuan ($35.66 billion), the data showed.

Another notable trend is the rising prominence of self-owned brands. Exports of such goods grew 4.9 percent to 180.04 billion yuan ($25.07 billion) in the first five months, exceeding the region's overall export growth by 2.2 percentage points.

And the high-end equipment sector in the region experienced rapid growth, with exports rising 21 percent to 40.28 billion yuan ($5.6 billion). Particularly impressive gains were seen in ships, wind turbine generators and drilling production platforms, according to the report.