The Pak Banker

China's Anhui posts record high foreign trade

- HEFEI -REUTERS

East China's Anhui Province saw its foreign trade hit a record high of 753.06 billion yuan (about 111 billion U.S. dollars) in 2022, data from Hefei Customs showed Wednesday.

Of the total, Anhui's export volume hit 476.37 billion yuan, while imports totaled 276.69 billion yuan, the customs said.

In 2022, Anhui's foreign trade with the European Union and the United States, the province's top two trading partners, reached 102.53 billion yuan and 101.53 billion yuan, up 13 percent and 12.8 percent year on year, respective­ly. Trade between Anhui and countries along the Belt and Road soared to 209.47 billion yuan, up 17 percent year on year. Trade between the province and members of the Regional Comprehens­ive Economic Partnershi­p hit 198.92 billion yuan, up 10 percent from 2021.

As the mercury drops to minus 20 Celsius, a research rocket lifts off from one of the world's northernmo­st space centres, its burner aglow in the twilight of Sweden's snowy Arctic forests. Hopes are high that a rocket like this could carry a satellite this year, in what could be the first satellite launch from a spaceport in continenta­l Europe.

At the launch pad, about an hour from the mining town of Kiruna, there's not a person in sight, only the occasional reindeer herd in the summer. The vast deserted forests are the reason the Swedish space centre is located here, at the foot of "Radar Hill", some 200 kilometres (124 miles) above the Arctic Circle.

"In this area we have 5,200 square kilometres (2,007 square miles) where no one lives, so we can easily launch a rocket that flies into this area and falls down without anyone getting harmed," Mattias Abrahamsso­n, head of business developmen­t at the Swedish Space Corporatio­n (SSC), tells AFP.

Founded by the European Space Agency (ESA) in 1966 to study the atmosphere and Northern Lights phenomenon, the Esrange space centre has invested heavily in its facilities to be able to send satellites into space.

Sweden's King Carl XVI Gustaf and European Commission President Ursula von der Leyen are due to inaugurate the site's three new launch pads on Friday.

At a huge new hangar big enough to house two 30-metre rockets currently under assembly elsewhere, Philip Pahlsson, head of the "New Esrange" project, pulls up a heavy blue door. Under the rosy twilight of this early afternoon, the new launch pads can be seen in the distance.

"Satellite launches will start to take place from here next year," Pahlsson says.

"This has been a major developmen­t, the biggest step we have taken since the inception of Esrange."

More than 600 suborbital rockets have already been launched from this remote corner of Sweden's far north, including the Suborbital Express 3 whose late November launch AFP witnessed as the temperatur­e stood at -20 degrees Celsius (-4 degrees Fahrenheit.) While these rockets are capable of reaching space at altitudes of 260 kilometres, they're not able to orbit Earth.

The World Bank has approved 50 million U.S. dollars in Internatio­nal Developmen­t Associatio­n (IDA) financing to help Somalia tackle a severe drought that has affected nearly 8 million people, World Bank Country Manager for Somalia Kristina Svensson confirmed Friday.

The financing will provide critical resources to scale up the Somalia Urban Resilience Project Phase II (SURP-II)'s ongoing support to a total of 70 million dollars for droughtind­uced internally displaced persons (IDPs) flowing into urban centers, and improve their access to basic services.

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