Private enterprises in east China’s Jiangsu province recorded a 20% year-on-year increase in imports and exports in October, setting a record high, latest statistics show.
In the intelligent workshop of the Funeng Technology Production Base in Zhenjiang Economic Development Zone, Automated Guided Vehicles were shuttling back and forth to transport materials with robotic arms busy loading and unloading materials.
As a leading new energy vehicle battery R&D and manufacturer in China, Funeng Technology has obtained sufficient orders from German Benz, Türkiye TOGG and some other automobile brands by virtue of its product performance advantages.
As of the end of October, the company recorded an export volume of nearly 8GWh, a year-on-year increase of 140%, ranking second in the entire industry.
“These increases are mainly attributed to the demand for new energy in overseas markets, and also thanks to our development along ‘the Belt and Road’. At present, we have started to ship goods and orders are increasing,” said Liu Jibin, Deputy General Manager of Funeng Technology (Zhenjiang) Co., Ltd.
Since the beginning of this year, the global economy has witnessed a downturn with shrinking demand, putting unprecedented pressure on foreign trade growth. The government has worked together to provide timely support by successively introducing preferential policies, holding cross-border e-commerce training sessions, and taking a series of measures to support the development of foreign trade enterprises.
The commerce department of Zhenjiang has organized more than 600 enterprises to participate in more than 60 key international exhibitions since the start of this year, and applied for 30 million yuan of project support funds for stable growth at all levels to ensure that foreign trade enterprises fulfill their orders.
“We have established a working group to provide one-on-one services to key enterprises so as to have optimized the port business environment, and saved 40 million yuan in customs clearance fees for enterprises,” said Li Wei, Deputy Director of the Zhenjiang Municipal Bureau of Commerce.
The traditional foreign trade industry, represented by textiles, has continuously strengthened its innovation drive, optimized its product structure, and improved the competitiveness of export products.
Lianyungang-based Feiyan Blanket, a leading domestic manufacturer of blankets, has made every effort to explore the markets of Middle Eastern countries such as Saudi Arabia, Iran, and Afghanistan by designing multiple high-quality new products with pure colors and strong color fastness, which have won the love of local consumers. Since this year, the company has won orders in "the Belt and Road" market with a year-on-year growth of 50%.
“We have used these very bright color combinations in the pattern, and in the processing of raw materials, we have gone through multiple irons and brushes, including adding softeners during washing, which makes our blanket feel softer,” said Xu Yingxi, General Manager of Lianyungang Feiyan Blanket Co., Ltd.
According to statistics from Nanjing Customs, from January to October, private enterprises in Jiangsu recorded imports and exports of 1.9 trillion yuan, a year-on-year increase of 5.9%, an increase of 4.7 percentage points from the same period last year to 44.3%.
In October, private enterprises in Jiangsu recorded imports and exports of 220.53 billion yuan, a year-on-year increase of 20.6%, setting a new historical high.
