In the first eight months, the import and export scale accounted for 52.9% of the total foreign trade value - private enterprises became the main force in stabilizing foreign trade
2023-09-15
In the first eight months of this year, the import and export scale of China's private enterprises reached 14.33 trillion yuan, an increase of 6%, accounting for 52.9% of the total foreign trade value, an increase of 3 percentage points compared to the same period last year. Vigorous private enterprises are constantly expanding and becoming the main force for stable growth in foreign trade. Since the beginning of this year, shipping and customs clearance have become more stable and smooth. Taking exports to Southeast Asia as an example, shipping costs have decreased by nearly 80% compared to September last year, product cost-effectiveness has significantly improved, and overseas demand has accelerated to recover. "Wang Nan, President of Xuechuan Agricultural Group, said that the company's export volume in the first half of the year exceeded 200 million yuan, a year-on-year increase of over 60%. Private enterprises that have experienced difficulties such as insufficient transportation capacity and soaring freight rates in the past two years generally reflect that the current import and export business costs have significantly decreased. The good export performance of private enterprises is primarily attributed to China's complete industrial system and strong production capacity, "said Ma Lei, Vice President of Zhuoyi International Group. Zhuoyi Group is transitioning from cross-border commerce to deep manufacturing, establishing factories overseas to assemble and produce small household appliances, automobiles, and other products. Faced with challenges such as weak global economic recovery, slowing global trade and investment, and weakened external demand, private enterprises are actively taking response measures. Xuechuan Group is accelerating its global layout and developing new customers while delving deeply into existing markets; Zhuoyi Group reduces redundant links such as procurement, customs clearance, and circulation, and collaborates with overseas enterprises to optimize cost structure; Heilongjiang Tianyouwei Electronics Co., Ltd. shortens the product upgrade cycle according to market demand and introduces overseas talents to adapt to the development of export business. Private enterprises can adjust their investment direction and business strategy in a timely manner according to market changes, firmly grasp market opportunities. "Wu Yuenong, a special researcher at the Yangtze River Industrial Economy Research Institute and a director of the China Association for Private Economy Research, believes that the innovation awareness, flexibility, adaptability, as well as strong market development and cost control capabilities of private enterprises enable them to maintain their competitiveness in import and export in complex and severe external environments. While private enterprises are constantly adapting to changes, relevant departments have launched a series of measures around smooth logistics, promoting trade facilitation, cost reduction, and innovative development to support enterprises in reducing costs, stabilizing orders, and expanding the market. Guangzhou Port actively helps us coordinate transportation capacity to ensure smooth shipment of goods, "Ma Lei said. As Guangzhou Port's transportation capacity continues to increase, the freight cost has decreased from around $10000 per heavy container last year to $2800 to $3000. In terms of funding, relevant departments have fully utilized financial tools to leverage capital investment, and some financial institutions have provided certain credit support to the company, effectively alleviating financial pressure. Wang Nan told reporters that after obtaining the AEO advanced certification from customs, Xuechuan Group has fully enjoyed the convenience of customs clearance and various preferential policies and support from customs. "The commerce department also encourages us to 'go global', not only organizing training and carrying out policy propaganda, but also giving certain subsidies to private enterprises that go abroad to participate in exhibitions and grab orders." According to data, in the first half of the year, China's import and export to the "the Belt and Road" countries grew 9.8%, 7.7 percentage points higher than the overall growth rate. "The 'the Belt and Road' initiative is very instructive for private enterprises to go to sea, from which we can find business opportunities and meet partners
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：economic daily
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