Long triangle shoes and other foreign trade situation is good

Recently, the foreign trade data released by the Jiangsu Provincial Government showed that from January to May, the province’s imports and exports reached 226.42 billion U.S. dollars, an increase of 6.1% year-on-year, an increase of 5.9 percentage points higher than the national average.

Among them, exports were 134.24 billion U.S. dollars, an increase of 4.9%, and imports were 92.22 billion U.S. dollars, an increase of 7.8%. The scale of imports and exports ranks second in the country, accounting for 13.5% of the country's total.

On June 10, in response to the deployment call of the State Council, Jiangsu Province supported the introduction of a stable growth plan for foreign trade, which was issued and officially implemented by the General Office of the Provincial Government. The program totaled 21 measures involving the government’s efforts to increase import support and cultivate new models. In terms of trade formats and financial and financial support, 21 different measures are implemented by different units to stabilize and preserve such foreign trade situation.

The data released by the State General Administration of Customs shows that in the first five months of this year, China’s total import and export value was US$1.679 trillion, an increase of 0.2%. Among them, exports were US$875.2 billion, down 0.4%; imports were US$803.9 billion, up 0.8%. In comparison, the total value of imports and exports accounted for 13.5% of the country's Jiangsu, and the data looks better.

It is worth mentioning that Shanghai and Zhejiang, both of which belong to the Yangtze River Delta, have gradually changed due to the traditional pattern of foreign trade import and export. The overall data is better than the whole country. For example, Shanghai’s total import and export volume in April was 39.403 billion US dollars, which was a year-on-year increase. 14.7%, double-digit growth, an increase of 9 percentage points over the previous month. In Zhejiang, in March, foreign trade exports have exceeded 10% for two consecutive months, significantly higher than the national average for the same period.

Policy support

According to statistics from Nanjing Customs, in the first four months, Jiangsu's import and export of foreign trade totaled 176.27 billion U.S. dollars, which was calculated to exceed RMB 1 trillion according to RMB (6.2281, 0.0004, 0.01%), reaching RMB 1.0785 trillion, a year-on-year increase of 5.7%. Among them, exports were 102.66 billion U.S. dollars, up 2.7%; imports were 73.61 billion U.S. dollars, up 10.2%.

According to the 21 measures introduced by Jiangsu Province, in order to speed up the development of foreign trade comprehensive service enterprises, financial support was given to the platforms included in the Jiangsu provincial pilot. Provide discount interest support for financing loans for foreign trade comprehensive service enterprises.

In the banking financing system, Jiangsu decided to increase the amount of loans and credit facilities for large-scale backbone enterprises, and support financial institutions such as the Export-Import Banking Corporation in expanding the financing of small and medium-sized foreign trade enterprises in our province. The establishment of a fund for the internationalization of enterprises in Jiangsu Province encourages enterprises to carry out foreign investment and thus promote exports.

In addition, Jiangsu will also expand the scale and coverage of export credit insurance coverage, and hope that the scale of underwriting will exceed 50 billion U.S. dollars. For the key industries and enterprises, the underwriting rate should be lowered appropriately and the quota satisfaction rate should be increased.

In terms of export tax rebates, Jiangsu will reduce the export tax rebate burden of some difficult areas in northern Jiangsu and Central China. For the export business meeting the relevant conditions, the approval procedures for tax refund (exemption) shall be completed within 15 working days.

Before the 21 measures were introduced in Jiangsu, in early June, Guangdong issued the "Guangdong Province's Implementation Plan for Supporting the Stable Growth of Foreign Trade," and the plan was to actively expand imports, ensure that exports stopped falling, picked up, accelerated the development of new trade forms, promoted the transformation and upgrading of foreign trade, and increased fiscal revenue. Seven specific policies and measures were introduced in 7 areas including financial support.

Zheng Jianrong, deputy director of the Guangdong Provincial Department of Commerce, said that Guangdong will award 5 million yuan to the foreign trade comprehensive service companies with an annual export volume exceeding US$1 billion in the Pearl River Delta region. Guangdong, the east, west, and north areas have been recognized as foreign trade comprehensive service companies, regardless of the size of the size of the support given 5 million, of which in 2014 the scale of exports exceeded 1 billion US dollars, will receive an additional 5 million yuan reward.

The situation in Shanghai and Zhejiang

Ning Yuemin, director of the East China Normal University Institute of Urban and Regional Development, said: "The Yangtze River Delta’s share of foreign trade accounts for one-third of the country's total, and the Yangtze River Delta's stability is of great significance to the entire country."

Like Jiangsu, the foreign trade situation of Shanghai and Zhejiang, both of which belong to the Yangtze River Delta, is also relatively better than the country, although Shanghai officials stated in the first quarter that the foreign trade situation is still severe. However, according to Shanghai Customs statistics, in the first quarter of this year, Shanghai achieved an import and export volume of $109.54 billion, an increase of 8.2%.

In the category of export products, nine types of labor-intensive commodities such as labor-intensive textiles, furniture, plastic products, bags, shoes, mattresses, cooking utensils, lamps, and toys were exported to Shanghai, totaling 41.78 billion yuan. 1.4%.

In April, from the perspective of major trade products, Shanghai’s exports of mechanical and electrical products were US$12.424 billion, up 17.2%, imports were US$111.82 billion, up 11%; exports of high-tech products were US$7.26 billion, up 13.9%, and imports were US$6.251 billion. Increased by 2.8%. This shows that when the foreign trade situation is not good, it is still necessary to rely on high and new technology to pull.

Zhejiang's foreign trade situation has also undergone some changes. Following the 10.7% increase in exports in March, the total value of imports and exports in Zhejiang in April was 188.33 billion yuan, an increase of 8.4% year-on-year. Of which exports 142.74 billion yuan, an increase of 12.2%, monthly export growth rate is once again higher than 10%.

It is worth mentioning that the export growth of labor-intensive industries such as clothing and footwear in Zhejiang has slowed down, but the export of high-tech products is also accelerating. Among them, in the first quarter, Zhejiang exported 7.59 billion yuan of computer and communication technology products, an increase of 18.4% year-on-year; private enterprises exported 8.78 billion yuan of high-tech products, a year-on-year increase of 13.7%.

According to the Hangzhou Customs, the general trade pattern exported 13.49 billion yuan of high-tech products, which was a year-on-year increase of 7.5%, accounting for 64.6% of the total value of high-tech products exported in Zhejiang during the same period; and exporting 71.4 by processing trade (traditional processing OEM). Billion, down 2.5%, accounting for 34.2%.

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