News from the Department of Henan Province on April 25 -- In the first quarter of 2022, the total import and export value of Henan province expanded some 5.1 percent from a year earlier to around 203.37 billion yuan, taking the 9th place in China. Besides, the actual use of foreign capital rose some 18 percent year-on-year to around 4.37 billion yuan while that of capital from other provinces across China 5.1 percent to 280.89 billion yuan. Meanwhile, the total retail sales of consumer goods reached about 603.16 billion yuan, up 3.5 percent from a year earlier, 0.2 percentage points higher than the national average.

During the same period, Henan's outward direct investment expanded 239.6 percent year-on-year to roughly 470 million US dollars, while its turnover of overseas contracted projects and labor service cooperation achieved some 740 million US dollars. (Chinese source: Dahe Fortune Cubic Reporter: Yang Xiao Translator: Zhao Hanqing Proofreader: Ding Lan)