Chinese foreign trade enterprises are busy at the beginning of the year, adding impetus to the global economic recovery

At the beginning of the new year, Chinese foreign trade enterprises began to rush to produce and receive orders. Judging from the situation of the sample foreign trade enterprises tracked and monitored by the Ministry of Commerce, some positive signals have appeared in the beginning of 2023, especially the situation of receiving orders in major exporting provinces has improved.

Some companies are busy recruiting people while focusing on production. In Huizhou Zhongkai High-tech Zone, Guangdong Yina Technology Co., Ltd. has been working hard since the end of January. Since its establishment in 2019, the company's self-developed various nanomaterials have blossomed and yielded fruit. Sales in 2022 will increase by 279% year-on-year, and orders for 2023 will be scheduled for the second quarter. In order to meet the ever-increasing demand, the company has fully launched the Spring Festival recruitment, and plans to double the size of the staff in 2023.

Some enterprises are stepping up to expand the market and grasp orders. Huizhou Mingxin Electronics Co., Ltd. has sent marketing personnel to the Middle East, Europe, the United States, South Korea and other places to visit customers and carry out negotiations. Zhang Qian, general manager of the company, said: "I hope that the first quarter will have a 'good start', and the output value will increase by another 10% this year."

The service industry survey center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing recently released that in January, China's manufacturing purchasing managers index rose by 3.1 percentage points from the previous month to 50.1%, and the new order index rose by 7 percentage points from the previous month to 50.9% .

Both front-line scenarios and survey data reflect stronger business confidence. Thanks to the company's new expansion of micro-steaming and roasting intelligent manufacturing production lines, fully automatic assembly lines for dishwashers, and the update of the new middle-end system in recent years, Galanz Group's foreign trade orders for microwave ovens, ovens, refrigerators, dishwashers, etc. In the second quarter.

More and more enterprises attach importance to the digital transformation of the whole process and cycle of foreign trade, and the layout of cross-border e-commerce is an important step. Zhao Yunqi, general manager of Hefei Shengwei Technology Co., Ltd., said: "During the Chinese New Year, the salespersons have never stopped taking orders online. There are more inquiries and orders on Ali International Station than usual, with a total amount of more than 3 million US dollars." Influenced by European Energy The crisis is superimposed on the impact of the carbon neutral policy. The company's orders for rooftop photovoltaic energy storage power generation equipment and other products will be arranged after March, and a batch will be sent to overseas warehouses after basically production.

The cross-border index of Ali International Station shows that the growth rate of high-quality business opportunities in the new energy industry on the platform has reached 92%, which has become a bright spot for exports. Ali International Station plans to launch 100 digital overseas exhibitions this year, and launch 30,000 cross-border live broadcasts of new products and 40 new product launches online during the New Trade Festival in March.

Zhao Ping, deputy director of the Research Institute of the China Council for the Promotion of International Trade, believes that with the policy support of greater efforts to promote the stable scale and optimized structure of foreign trade, foreign trade import and export is expected to show a continuous positive trend, with a growth rate that is low at the beginning and then high, and the overall positive growth will be achieved.

According to a recent report by the international investment bank Goldman Sachs Group, the reopening of the Chinese economy and the full recovery of domestic demand will drive global economic growth by about 1% in 2023.

More new measures make the market more open and the channels more smooth. At the beginning of 2023, new progress has been made in the implementation of the "Regional Comprehensive Economic Partnership Agreement" (RCEP), which will come into effect for Indonesia on January 2, and foreign trade companies will welcome more benefits such as preferential tariffs and cost reductions. Guangdong Dayang Medical Technology Co., Ltd. will export more than 30 million yuan to Indonesia in 2022.

"Taking crutches as an example, after RCEP takes effect in Indonesia, the certificate of origin can enjoy zero-tariff benefits, which is estimated to save the company about 1.5 million yuan in annual costs." Tang Qing, the company's customs officer, said.

The 133rd China Import and Export Fair, which is scheduled to open in April, will fully resume offline exhibitions. According to Chu Shijia, director of the China Foreign Trade Center, there are currently more than 40,000 companies applying to participate in the exhibition, and the number of offline exhibition booths is expected to increase from 60,000 to nearly 70,000. At the same time, the foreign trade center will play a leading role as a "chain owner" to expand the operation of the Canton Fair exhibition hall. It is expected to hold more than 110 various exhibitions in 2023, with about 12 million visitors.

"The rapid recovery of the exhibition industry will drive the prosperity of trade, investment, consumption, tourism, catering and other industries." Chu Shijia said that the great development and improvement of the Canton Fair will also better support the high-quality economic development and better serve China's high-level foreign trade. Open up and build a new development pattern.

According to the relevant person in charge of the Ministry of Commerce, through the offline exhibition of a series of domestic export exhibitions including the full resumption of the Canton Fair, we will fully support foreign trade companies to participate in various overseas professional exhibitions; close cooperation with trading partners, take advantage of China's ultra-large-scale market, expand Importing high-quality products from various countries, thereby stabilizing the global trade supply chain, etc., China will continue to promote high-level opening up to make foreign trade easier, more convenient, and more rewarding.

Reposted from International Business Daily

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