{"id":25758,"date":"2020-06-08T11:07:41","date_gmt":"2020-06-08T18:07:41","guid":{"rendered":"https:\/\/lapost.us\/?p=25758"},"modified":"2020-06-08T11:07:41","modified_gmt":"2020-06-08T18:07:41","slug":"chinas-exports-see-recovery","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=25758","title":{"rendered":"China\u2019s exports see recovery"},"content":{"rendered":"

By Du Haitao and Wang Ke from People\u2019s Daily<\/p>\n

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Aerial photo\u00a0shows a view of busy Zhanghuabang port and ships on the Huangpu River, Baoshan district, Shanghai on June 7. (Photo by Wang Yuning\/People\u2019s Daily Online)<\/em><\/p>\n

A China-Europe freight train fully loaded with 41 carriages\u00a0of clothes, footwear, hats, mechanical\u00a0equipment, plastic\u00a0granulate, and anti-epidemic\u00a0medical supplies recently departed from Xinzhu Station of Xi\u2019an, capital of northwest China\u2019s Shaanxi province, for Hamburg,\u00a0Germany.<\/p>\n

 <\/p>\n

With the help of multimodal transport, the Chinese commodities have eventually entered a vast market in Europe.<\/p>\n

 <\/p>\n

China has made all-out efforts to recover its exports amid the continuous efforts to prevent and control the COVID-19 disease, by introducing a series of preferential policies and encouraging its enterprises to explore new markets.<\/p>\n

 <\/p>\n

Thanks to these measures, China\u2019s trade in goods has begun to recover. In April, the value of exported goods totaled 1.41 trillion yuan ($199.1 billion), up by 8.2 percent on a yearly basis, while that in May rose 1.4 percent year on year to 1.46 trillion yuan, according to the General Administration of Customs (GAC). These figures stand as a contrast to the drop in the data in the first quarter of the year.<\/p>\n

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The rebound demonstrates that the fundamentals of China\u2019s foreign trade remain unchanged.<\/p>\n

 <\/p>\n

Qingdao Sanshuo Health\u00a0Industry Development\u00a0Co.,\u00a0Ltd., a sporting goods company in east China\u2019s Shandong province, has fully recovered production.<\/p>\n

 <\/p>\n

The company has attracted many new European customers since April, and seen its orders signed till July, according to Yang Liyun, director of the international department of the company.<\/p>\n

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In the medium and long term, the fundamentals sustaining the sound development of China\u2019s foreign trade remain unchanged.<\/p>\n

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A technician tests electronic products in a dust-free workshop of Anhui Lite Array Co., Ltd. in Feidong Economic Development Zone in Feidong county, Hefei city, Anhui province in east China on May 29. (Photo by Wang Wensheng\/People\u2019s Daily Online)<\/em><\/p>\n

Since the beginning of this year, all local governments and relevant departments rolled out measures to facilitate resumption of production and work, in a bid to secure foreign trade.<\/p>\n

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A total of 297,000 enterprises across the country had import or export activities in March, an increase of 53.4 percent compared to February, says the GAC.<\/p>\n

 <\/p>\n

The recovery in exports also signaled the improvement in the competitiveness of the companies.<\/p>\n

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\u201cWe have almost worked overtime every day since resumption of work,\u201d said Pan Yanjun, president of Dingkang Science and Technology Co., Ltd. in east China\u2019s Zhejiang province.<\/p>\n

 <\/p>\n

Pan thinks the success of securing orders can be largely attributed to the company\u2019s efforts in innovation, research and development. Through the continuous efforts in developing intelligent applications, the company aims to expand its presence in the market.<\/p>\n

 <\/p>\n

In recent years, China\u2019s foreign trade companies have worked faster to bring in talents, upgrade technology and develop new products, gaining an edge over their international competitors.<\/p>\n

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Amid the ongoing efforts of epidemic prevention, foreign trade companies accelerated their pace of upgrading and improvement to better ward off risks in the market.<\/p>\n

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According to GAC statistics, export of electro-mechanical products in the first five months of the year registered 3.64 trillion yuan, among which the export of\u00a0automatic data processing equipment and its components increased 1.8 percent year on year to 508.61 billion yuan.<\/p>\n

 <\/p>\n

The sound momentum in export also arises from the strong support the strategy of market diversification offers for export.<\/p>\n

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A few days ago, more than ten tons of pesticides produced by Hebei Veyong Bio-Chemical\u00a0Co., Ltd in north China\u2019s Hebei province were transported to the port city Shanghai. The pesticides, whose final destination is Pakistan, would help the country cope with its locust plague.<\/p>\n

 <\/p>\n

\u201cStanding at $24 million, our export in the first quarter of the year increased 16 percent year on year,\u201d introduced Yang Jianhui, deputy manager of the international department of the company.<\/p>\n

 <\/p>\n

Chinese foreign trade companies have diversified their export markets and explored emerging markets such as countries along the Belt and Road, seeing more exciting opportunities for foreign trade.<\/p>\n

 <\/p>\n

The value of imports and exports between China and countries and regions along the Belt and Road in the first four months of the year reached 2.76 trillion yuan, representing a year-on-year increase of 0.9 percent.<\/p>\n

 <\/p>\n

In the foreseeable future, China\u2019s foreign trade still faces severe challenges of shrinking international markets and disrupted industrial and supply chains. That being said, Chinese enterprises have strong resilience and huge potential, as they have weathered the hardships in the international markets.<\/p>\n

 <\/p>\n

In general, China\u2019s export firms have an acute sense of innovation, stable industrial and supply chains, and made remarkable progress in exploring emerging markets. Besides, policies to ensure stable foreign trade are being implemented and bearing fruits. All these have created conditions for further recovery of China\u2019s foreign trade.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Du Haitao and Wang Ke...<\/p>\n","protected":false},"author":1,"featured_media":25759,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,8,5],"tags":[],"class_list":["post-25758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-china","category-world"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/25758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25758"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/25758\/revisions"}],"predecessor-version":[{"id":25761,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/25758\/revisions\/25761"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/media\/25759"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}